INDIA BUSINESS WORLD - OCTOBER 21^st - NOVEMBER 15^th - 2007

SEQUOIA CAPITAL TO INVEST $600 M IN INDIA

Venture Capital firm Sequoia Capital will invest $500-600 million in Indian companies for meeting their capital requirements for growth in next couple of years. "We will invest money ranging between $500 million and $600 million in Indian companies in next couple of years," Sequoia Capital (India) associate Ravi Shankar said. Sequoia Capital, which mainly invests in young companies having potential to grow, has identified various emerging sectors in the country and would address their needs. "We have found several areas such as internet mobile, specialised retailing, telecom and KPO in the country which offer immense potential and we would like to focus on these areas," he added.