Thursday, September 19, 2024
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Sequoia India

In an attempt to invest in the Southeast Asian region, HongShan may leverage its office and base in the city-state

The home interior solutions start-up has raised over $113 million across 10 funding rounds from investors like Sequoia India (now Peak XV Partners), Accel, JSW Ventures, Mohandas Pai and cricketer MS Dhoni

Sequoia Capital’s powerful MD has an unenviable image in India’s start-up sector. However, the controversies surrounding many investee companies have brought into focus the role and games VCs play in the start-up ecosystem

The company will utilise the fund for its product development

The start-up plans to expand its offline stores to about 100 stores with a major focus on tier II and III cities

Rahul Khanna, co-founder and managing partner of Trifecta Capital will co-chair the newly appointed council for the industry body for alternative assets

CDPQ will join the B2B SaaS start-up's board of directors upon closure of this funding round