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Young Turks: How Sequoia Capital India's portfolio companies' value soared to new heights

Updated : December 17, 2020 07:56:43 IST

At the start of this year, one of the world's most successful venture firms Sequoia issued a memo calling the pandemic a "Black Swan Event". It asked its businesses to control spending and adapt to a new economic order.

2020 brought enough gloom and doom, in many ways it has also been a game changer and catalyst for many businesses as they adjusted to new realities.

It is the year that altered the consumer and consumption patterns for good and in terms of technology, the year saw the world leapfrog into the future - remote work, remote learning, contactless food delivery and essentials, contactless payment and even contactless healthcare.

Sectors like Ed-tech, gaming, food tech, health tech and SaaS to name a few were at the forefront of this revolution that was driving innovations as technology helped us push through the year.

Black swan event or not, for Sequoia, the year has certainly been rewarding - two of its most valuable companies - Airbnb and DoorDash have had blockbuster IPOs.

In India too, the venture firm has seen value of its portfolio companies soar to new heights- home to 14 unicorns - the most for any venture firm invested in India. Sequoia has also closed a $1.35 billion fund for India and South East Asia this year.

CNBC-TV18’s Shereen Bhan talked to Rajan Anandan, Managing Director of Sequoia Capital India and GV Ravishankar, Managing Director at sequoia Capital India, to discuss about IPOs in 2021 and next stage for startups.

Watch this full interview for more.
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