Summary:

NDTV.com: WestBridge Capital Partners, India’s leading venture capital fund with several investments in the internet and mobile space, has…

NDTV.com: WestBridge Capital Partners, India’s leading venture capital fund with several investments in the internet and mobile space, has merged with Silicon Valley’s blue-blooded VC fund Sequoia Capital. This is probably the first time such a merger of VC funds has happened in India.
The new entity will be known as Sequoia Capital India. WestBridge manages funds worth $350 million in India while Sequoia manages funds worth a little over $3.5 billion through separate entities in the United States, Israel and China. Sequoia, whose investment in India totals $40 million, have co-invested with WerstBridge in Bharti Telesoft and Mauj.com.
Updated: Sumir Chadha remains the Senior Managing Director of Sequoia Capital India. K P Balaraj, Surendra Jain, and Sandeep Singhal will be Managing Directors. Mohit Bhatnagar, formerly with Bharti Airtel, has joined as an Operating Partner (We had reported this earlier). Sequoia has now four country operations – US, Israel, China and India.

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