He is the MD of Sequoia Capital India. Singh was appointed as a Director of JustDial on June 21, 2012. Sequoia Capital is one of JustDial’s key investors. Sequoia Capital India Growth Investment Holdings I has over 29 lakh shares, 4.19% of the total shares. Sequoia Capital India Investment III holds over 13 lakh shares, 1.95% of the total shares.
Mumbai based RAW Pressery, a fresh juice company has raised Series B funding of $4.5 mn from Sequoia, Saama Capital and DSG partners. Sequoia in February 2015 had invested $1.8 mn in the startup. The fresh capital will give an impetus to the company’s plans of introducing new flavours, increasing production capacity and initiating brand-building activities. RAW Pressery is currently available in Mumbai, Delhi, Bangalore, Pune, Gurgaon, Hyderabad and Chennai at over 300 points of sale. It will expand its presence to 12 cities and 1500-1800 points of sale by FY17.
Indonesia’s Go-jek has acquired Bangalore based startup, C42 And CodeIgnition, with Sequoia playing the matchmaker role. The original plan was wanted to build an R&D centre here in India to be able to hire experienced product folk. After working with us for a few months, they figured it was much better for the business to acquire us rather than start from scratch as we were already battle tested and had a leadership team in place that had proven it could get things done well.
Silicon Valley based Sequoia Capital has raised a $920 million fund to further invest in Indian companies.Sequoia’s Fund V closed around more than a month ago. This is the largest fund raise by any VC till date. In 2015 April, Sequoia had raised $210 million to its existing $530 million-India fund. Altogether, the total assets in India are more than $3 billion. The companies included in Sequoia’s portfolio are Oyo Rooms, Zomato, Freecharge, JustDial, Grofers, Craftsvilla etc.
Faasos which went app-only in August 2015 has now ditched the model and the website is back. Surprisingly, the website is NOT hosted on Faasos.com domain, but on order.faasos.io. Faasos last raised a massive $30mn from ru-net, Sequoia and others in December, 2015. And like Flipkart and like Voonik, they too have now relaunched their website.
Shuttl currently operates only in the Delhi NCR region with a fleet of 500 buses on its platform. The service operates 50 routes in the region and offers about 15,000 rides in a day. The price points for a ride range between Rs 20 and Rs 100. Shuttl claims that it has finished more than 8 lakh rides. Shuttl runs air-conditioned buses which ply on fixed routes. The company says that is also engaging with the relevant stakeholders to work towards the success of the odd-even initiative of Delhi Government.