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Synopsis
Sequoia s Surge startup accelerator has made early-stage investment space very competitive for Indian funds such as Blume Ventures, India Quotient and Orios Venture Partners.
ETMarkets.com
Rajan Anandan, managing director, Sequoia India. The Surge startup accelerator typically invests $1-2 million in each startup, while other investors also put in funds.
Bengaluru: As early-stage investments continue to see increased action in India, venture capital firm Sequoia s Surge accelerator programme has chosen 13 Indian companies for its fifth batch.
In its previous batch, Sequoia Surge had a dozen startups from India. The latest batch has 23 companies spread across India, southeast Asia and Hong Kong, which have raised $55 million in total from Surge and other co-investors.
Australia s space tech firm Gilmour Space raises $47m Series C
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