New Delhi: Sequoia Capital India and US-based Norwest Venture Partners have led a $50 million (Rs333 crore) equity investment in Chennai-based lending firm Five Star Business Finance, the non-banking financial company said on August 9. The round accorded a post-money valuation of Rs 1,300 crore t…
Tag: Sequoia India
Fund-raising by healthcare start-ups dips 56% to $71 m
Venture capital investment in Indian Healthcare Information Technology (HIT)/Digital Health start-ups has declined 56% year-on-year in 2016 at $71 million compared to the previous year. In 2015, as many as 33 deals were struck for an investment of $162 million. However, in 2016, the number of fun…
SirionLabs secures $12.25 million in Series-B funding led by Sequoia India
SirionLabs, the supplier management technology products startup, has secured $12.25 million (approx. Rs 81.5 crore) in a Series-B fund raising led by existing investor Sequoia India with participation from QualGro Asean Fund and Canopy Ventures. The funds will be used to support expansion and R&a…
US fund Maverick in online pharmacy startup
US-based investment fund Maverick Capital Ventures is leading a Rs 100-crore financing round in 1mg, formerly HealthKartPlus, as investors continue to be bullish on the huge potential of online pharmacy startups. The Sequoia Capital-backed 1mg had spun off last year from its parent HealthKart and…