Global venture capital and growth investor Sequoia Capital has announced the launch of two new funds – a $2 billion early-stage venture, and growth product for India as well as an $850 million dedicated one for Southeast Asia. The focus will also be on the Web3 ecosystem.
Sequoia India and Southeast Asia happen to be the most prolific investors in the region, but the unveiling of the two funds comes as a positive development amidst the increasing pessimism in the financial market space.
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