Sequoia closes fourth India fund on $530m

The US-based venture shop is continuing to raise funds and invest in Asia even as market interest wanes.   

US-based Sequoia Capital is closing its fourth India-focused fund on $530 million. The close takes Sequoia’s total investment in India to $2 billion.  The new fund will invest primarily in technology, consumer and healthcare including venture and growth equity.

The scope of the new fund has been extended to include investment opportunities in South East Asia overall. 

Sequoia also recently announced a $100 million investment in Coupang, South Korea’s version of Amazon. Coupang, which has revenues topping $1 billion, will see an investment through the Sequoia Capital Global Equities and Sequoia Heritage funds, according to a statement.

SEC filings in February showed that the company is also in the market with a separate China fund that is believed to be targeting $500 – $600 million.  Sequoia also raised an early stage investment fund for China last year which closed on $391.4 million according to Private Equity International’s research and analytics division.

Sequoia recently led a $100 million series C funding round with Sina’s Weibo for Chinese personalized news application Toutiao. Toutiao is currently valued at $500 million, and launched in August 2012.