In brief: Sequoia India to raise $200m for startup program

• Sequoia India is looking to raise up to US$200 million for its Surge program for startups, sources said.
• This marks the company’s first attempt at starting a seed fund in India, which will further ramp up the already competitive domestic market for early-stage deals.
• The Surge program intends to invest in startups across India and Southeast Asia. Sequoia India recently appointed former Google India head Rajan Anandan to lead the program.
• A spokesperson of the venture capital firm did not comment on the company’s plans to raise a separate fund for Surge.

Source: The Economic Times