The storied Silicon Valley venture capital firm, which is an early backer of unicorns such as Byju’s, Zomato and Oyo, had already received commitments of about $2.8 billion for its three different vehicles spread across venture, growth and SEA, sources in the know said.
Existing investor Sequoia Capital India also joined the round. Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash key Capital, Quiet Capital, Polygon Studios, Volt Capital and 300 and more angels and operators in crypto and fintech, participated in the round.
Existing investor Sequoia Capital India also joined the round. Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash key Capital, Quiet Capital, Polygon Studios, Volt Capital and 300 and more angels and operators in crypto and fintech, participated in the round.
The funding includes $450 million in the main Fund IV and $150 million in additional managed commitments, one of the largest pools of capital available in the region, a senior company executive told ET.
The company in India will be venturing into global markets like the Middle East, Vietnam, the Philippines, and other Southeast Asian countries in the next 24 months.
The company in India will be venturing into global markets like the Middle East, Vietnam, the Philippines, and other Southeast Asian countries in the next 24 months.
Recently, rival exchange Coinbase went through a bitter experience after launching its India operations with a bang, as it had to soon suspend buy orders due to payment issues with the county’s Unified Payments Interface (UPI).