Venture capital firm Sequoia Capital India reportedly plans to invest about $900m over the next two to three years at about triple the pace of the past decade’s rate, according to local news provider Economic Times of India.
Sumir Chadha (pictured), managing director of Sequoia Capital India, a subsidiary of US-based Sequoia, told the Economic Times: "Over the last 10 years, we have invested close to $1bn in start-ups and other firms…Over the next two to three years, we expect to invest about an additional $900m."
The sectors of focus would include sectors like financial services, infrastructure, retail and technology, he added.
However, Chadha said Sequoia would invest less this year compared to 2009.