The US fund's strategy in India includes seed, venture and growth investments.
Sequoia Capital, best known for its early-stage investments in companies such as Google Inc , has raised USD 530 million for its fourth India-focused fund, the US venture capital fund said in a statement on Friday.
Although intended to focus on India, the fund will also look for opportunities in Southeast Asia, and will invest primarily in technology, consumer and healthcare sectors, Sequoia said.
Also read: Quick Heal plans IPO in next fiscal
With the new fund, the total capital committed to Sequoia's India-focused investments will be around USD 2 billion, it said in the statement. The US fund's strategy in India includes seed, venture and growth investments.
Sequoia Capital is invested in more than 75 companies including Just Dial , handset maker Micromax Informatics Ltd, and Vasan Eye Care Ltd.
The new fund comes amid surging interest by foreign investors in India, fuelled by expectations that the new Narendra Modi government will help kickstart economic growth with new economic and fiscal reforms.
Just Dial stock price
On May 30, 2014, at 09:25 hrs Just Dial was quoting at Rs 1419.00, down Rs 8.85, or 0.62 percent. The 52-week high of the share was Rs 1774.35 and the 52-week low was Rs 530.00.
The company's trailing 12-month (TTM) EPS was at Rs 17.18 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 82.6. The latest book value of the company is Rs 77.85 per share. At current value, the price-to-book value of the company is 18.23.
Anda sedang membaca artikel tentang
Have raised $530 mn India-focused fund: Sequoia Capital
Dengan url
http://sehatkafein.blogspot.com/2014/05/have-raised-530-mn-india-focused-fund.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Have raised $530 mn India-focused fund: Sequoia Capital
namun jangan lupa untuk meletakkan link
Have raised $530 mn India-focused fund: Sequoia Capital
sebagai sumbernya
0 komentar:
Posting Komentar