Can Faaso’s become the Domino’s of wraps?

What is Sequoia smoking? That’s what we thought when we walked into a Faaso’s outlet in suburban Mumbai the other day. With barely five small tables, drab interiors and a counter and kitchen which service orders, you won’t spend a lot of time at the eatery. But last October, the Pune-based fast food company, which specializes in wraps (a flatbread…

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Edusys Plans Mass Market Foray with Sequoia Funding

Tridibesh Satpathy bootstrapped his education training and certification company Edusys for seven years before reaching out to venture capitalists for funding. The Bangalore-based company raised $7.5 million from Sequoia Capital today, which it plans to use to launch new products, expand into larger market segments and strengthen its senior management team. Sequoia classifies the investment as a growth deal, made…

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Image Courtesy: Pixomar / FreeDigitalPhotos.net

Why Sequoia Capital is chasing seed deals

Why India’s biggest VC investor is seeking out and nurturing seed stage startups Sabahat Azim, founder and CEO of Glocal Healthcare, spends most of his waking hours in Sonamukhi, a small town in West Bengal, about 126 kilometers from Kolkata. Sonamukhi is the site for his 18-month old company’s first hospital for non-urban consumers. A general consultation costs Rs 90…

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Knowlarity Raises $6.75 Million From Sequoia Capital

Gurgaon-based  cloud telephony solutions startups Knowlarity Communications has raised a $6.75 million round of funding from Sequoia Capital. This appears to be the company’s first round of venture capital funding. The money will be used to strengthen research and development activities and expand marketing operations. The company also plans to extend its presence to other global markets, after establishing its…

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HealthKart Raises $5.2 Million From Sequoia, Omidyar

Gurgaon-based online health store HealthKart has raised $5.2 million (Rs 27 crore) as part of a Series A round of funding from Sequoia Capital and Omidyar Networks, reports VCCircle. The company had earlier raised over $1 million from KAE Capital and Sequoia in seed funds. Founded in March 2011, the startup was reportedly in the market to raise $10 million,…

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SKS IPO: Sequoia’s home run?

Update: SKS Microfinance today announced Rs 850-Rs 985 per share as the price band for its upcoming IPO, which opens on Wednesday — read the Bloomberg report. At the upper price band, it can expect to raise as much as Rs 1.65 crore (about $344 million) says the report. VCCircle reports that Sequoia Capital could make 16 times its money…

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