WestBridge merges with Sequoia Capital
By agencies   |   Wednesday, 03 May 2006, 19:30 IST
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MUMBAI: Sequoia Capital and WestBridge Capital Partners have merged to form Sequoia Capital India. Sequoia Capital India will focus on investing in the most promising high growth companies in India, a prepared company release today said. Sequoia Capital India will assist entrepreneurs in building their businesses and connecting them with Sequoia Capital’s deep relationships in the United States, the release said. Prior to the merger of the two entities, WestBridge Capital Partners was active in India investing in companies such as Applabs, Bharti Telesoft, ICICI OneSource, MarketRx, Royal Orchid Hotels, Indecomm, Shaadi.com, Dr Lal Pathlabs and Times Internet. The four managing directors of WestBridge Capital Partners—Sumir Chadha, KP Balaraj, Sandeep Singhal and SK Jain, will lead sequoia Capital India. Sumir Chadha, co-founder and Senior Managing Director of WestBridge, said, "Sequoia Capital has built a tremendous franchise in the venture capital industry and we are very excited to partner together in India. Our quest to build India’s leading venture firm has been substantially strengthened through this partnership and what it brings to entrepreneurs in this market. The formation of Sequoia Capital India follows the close working relationship between our two firms over the past several years, including two co-investments in India—Bharti Telesoft and Mauj.” Douglas Leone, General Partner at Sequoia Capital U.S., said, "We took our first step in India fifteen years ago when a Sequoia Capital investment built one of the early engineering outsourcing operations in Bangalore. Since then, almost forty companies with which Sequoia Capital has been involved have set-up meaningful operations in India. Now we are ready to take our second step and establish Sequoia Capital India with WestBridge Capital Partners."

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