Report: Sequoia Capital To Raise $500 Million Fund

Never mind all that talk about a global liquidity crunch, mortgages and non performing assets…Business Standard reports that Sequoia Capital India, after recently closing a $300 million fund, is considering raising another fund with a corpus of around $500 million. The fund is expected to be in place by next year. Sequoia has not confirmed the news, though. Business Standard had also reported a couple of days ago that Naresh Malhotra, ex-CEO of Cafe Coffee Day (CCD) is expected to join Sequoia Capital as a partner. That story had also not been confirmed. Sequoia, incidentally, had invested $20 million in CCD last year.

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