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SEQUOIA RESTRUCTURING
Another senior exit at Peak XV Partners as CPO Anuj Sahai steps downSahai joined the firm in April 2023, amid ongoing rebranding efforts. He retained his role after the firm was rebranded as Peak XV followin...- Former Y Combinator investor Arnav Sahu joins Peak XVArnav Sahu, formerly a principal at Y Combinator, has joined Peak XV as an investment partner in the Bay Area. He will be part of a new San...
- Sequoia Capital’s evergreen fund grows to almost $20 billionSequoia Capital’s evergreen fund has grown to $19.6 billion, according to a US Securities and Exchange Commission filing, a signal that the...
- OpenAI's $150 billion valuation hinges on upending corporate structureOpenAI is set to raise $6.5 billion through convertible notes, contingent on restructuring its corporate structure and removing a profit ca...
- Peak XV Partners sells 22 pc stake in Indigo Paints for Rs 1,557 crore; Morgan Stanley, HDFC MF among buyersPeak XV Partners, formerly Sequoia Capital India and SEA, sold over 22% stake in Indigo Paints for Rs 1,557 crore to investors including Mo...
- Fintech startup Khatabook lays off 42 employeesKhatabook -- valued at $600 million (about Rs 4,500 crore) after its previous funding round -- is backed by Sequoia Capital (now PeakXV Par...
- Sequoia’s exit from India doesn’t make sense: Chamath PalihapitiyaChamath Palihapitiya, who runs venture fund Social Capital, said while Sequoia’s exit from China was understandable, the firm could have le...
- Sequoia India & SEA split from US, renamed Peak XV; Byju’s misses $40m loan payment, sues lenderHappy Hump Day! Silicon Valley’s blue-chip fund Sequoia Capital has parted ways with its India and China partnerships. This and more in tod...
- Sequoia India, Southeast split from US; rebranded as Peak XV PartnersSequoia India & Southeast Asia has been rebranded Peak XV Partners, the venture capital firm said in a blog post Tuesday. There will be no ...
- Byju’s defaults on $40 mn loan payment, sues lender; Sequoia India is now Peak XV PartnersDays after its negotiations with creditors to restructure a $1.2 billion term loan fell through, edtech firm Byju’s missed a quarterly inte...
- How GoMechanic unravelled after SoftBank-Khazanah funding round collapsedGoMechanic will initiate financial audit, lay off 70% staff: cofounder Amit Bhasin in a LinkedIn post.
- GoMechanic founder Amit Bhasin admits to financial misreporting; firm to lay off 70% employeesGoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post
- Sequoia cuts ties with law firm; Xiaomi India gets a new headVenture Capital fund Sequoia informed its portfolio companies that it has stopped working with the law firm, Algo Legal.
- Sequoia Capital to restructure funds, becoming more than a VCSequoia Capital will remake its investment structure in the US and Europe around a single fund, Sequoia partner Roelof Botha says. The Sequ...
- TPG in talks to buy large stake in big data company Mu SigmaWhile there’s no formal agreement in place, and ongoing discussions may not lead to a definitive deal, a complete exit for present sharehol...
- Fashion e-tailer Voonik asks staff to forgo 3 months’ salaryThe affected workforce is largely in product development and customer support, while the operations team won’t be a part of this move, at l...
- Genesis Colors rejigs top deckKapoor said the move is pre-emptive and aimed at consolidating the business as one entity in the next 12-18 months because investors may co...
- TinyOwl to lay off another 100 staff as it scales back from four citiesIn September, TinyOwl laid off about 200 employees. The latest staff cuts will be in marketing, sales and HR teams in Delhi, Hyderabad, Che...
- TinyOwl gets Rs 50 crore lifeline from investorsThe fund raising comes at a time when the two-year-old Mumbai-based company is looking at restructuring operations, control burn rate and o...
- Eyeing less taxing space, Online grocery delivery company Grofers shifts base to SingaporeThe restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.
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