Sequoia Capital India MD Sumir Chadha was put on the spot about investment in Fropper and Minglebox in an interview by CNBC-TV18. [via VC Circle] Chadha says “We do not back competitors, so we look at these properties even that they may appear from the outside to be competitive – they have very different focuses, very different user bases and we are seeing a lot of growth in that sector.” Very convincing, right?
Chadha also says that there isn’t enough advertising inventory today and a lot of their companies are seeing strong ad sales. He adds that the real issue with internet today is lack of connections and users; he calls for broadband reforms from the government. Michael Moritz, Partner with Sequoia Capital says that the fund has a billion dollars committed to invest in India.
{"source":"https:\/\/gigaom.com\/2007\/08\/13\/419-sequoia-capital-md-on-investing-in-fropper-and-minglebox\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_17769854af5f9cfd60d39441a8f02002","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}