Wednesday, July 02, 2008

“Private Market Valuations May Correct Over 3-6 Months”: KP Balaraj

"Sequoia Capital India is clearly one of the largest funds in India - if not in terms of fund size but in terms of portfolio. They currently manage four funds (one of them being a growth stage private equity fund) with over $1 billion in assets. Half of the funds have been invested in 49 companies at last count. The money has gone into a variety of sectors such as IT/ITES, healthcare, financial services, retail, consumer internet, mobile and even FMCG and infrastructure sectors.

Some of the recent investments include George Zacharias’s Strata (remote infrastructure services), Tribi Embedded Technologies (energy efficient motor control), Prizm Payment Services (electronic payment), and Cotton County (manufacturer and retailer).Sequoia Capital India came into being in 2006 by way of a merger with WestBridge Capital Partners (it was founded in 1998-99) and the Silicon Valley headquartered bluechip VC firm Sequoia Capital. The firm in India is run by 15 people - among whom four are managing directors (Sumir Chadha, KP Balaraj, Sandeep Singhal and Surendra Jain), two operating partners (Naresh Malhotra and Mohit Bhatnagar), an Executive Director (Abhay Pandey), a Principal (Shailendra Singh) and four vice presidents. VC Circle’s Shrija Agrawal talks to KP Balaraj, one of the founding MDs of Sequoia Capital India, about the current investment climate, and if we are headed for a slowdown in dealmaking."

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