• Sequoia wraps up new $695M fund for India and Southeast Asia

    1 month ago - By Tech Crunch

    Sequoia has announced the close of its newest fund for India and Southeast Asia. The firm has raised $695 million for this fund, which is its fifth since it expanded into India 12 years ago.
    With this new money, Sequoia said it plans to “double down” on technology, consumer and healthcare startups to “unleash the potential” of the two regions, which collectively over 800 million internet users. That number is growing fast among India, population 1.3 billion, and Southeast Asia, population 650 million.
    Beyond being one of the premier VCs in the U.S. and China, Sequoia also enjoys a top-tier...
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  • Stealthy Singapore VC firm Qualgro is raising a $100M fund

    Stealthy Singapore VC firm Qualgro is raising a $100M fund

    1 month ago - By Tech Crunch

    Southeast Asia's venture capital space is booming right now. Openspace Ventures just announced the close of its newest $135 million fund , Golden Gate Ventures hit the first close on its upcoming $100 million vehicle , and a third Singapore-based fund is also raising big: Qualgro.
    Unlike others, Qualgro has operated relatively under the radar to date.
    That's been very deliberate, according to managing partner Heang Chhor, who started the firm after leaving McKinsey following a 26-year stint that spanned Europe and Asia. Cambodian by birth, Chhor grew up in France and he rose to become a...
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