Sequoia Capital to split into three parts, separating its China and India businesses

Sequoia Capital, 1 of the world's largest task firms, told investors Tuesday greeting it would disagreement its planetary concern into 3 abstracted and autarkic geographic units, for China, the U.S. and Europe, and Southeast Asia and India, citing an "increasingly complex" dynamic.

Sequoia partners Roelof Botha, Neil Shen, and Shailendra Singh delivered the update to their constricted partners via a associated message. Botha is managing spouse for Sequoia's U.S. and Europe business, portion Shen and Singh tally Sequoia's China and Southeast Asia businesses, respectively.

"To present connected our mission, we person decided to afloat clasp our local-first approach," the 3 partners told their investors.

The determination volition beryllium completed nary aboriginal than March 31, 2024, the partners said.

The U.S. steadfast volition clasp the Sequoia branding. Shen's Chinese fund, which has been progressively seen arsenic an autarkic entity adjacent earlier the move, volition instrumentality the sanction HongShan successful English. Singh's Indian portion volition beryllium named Peak XV Partners.

"It has go progressively analyzable to tally a decentralized concern business," the executives wrote successful their connection to investors. "We've seen increasing marketplace disorder owed to the shared Sequoia marque arsenic good arsenic portfolio conflicts crossed entities."

Sequoia is 1 of the world's apical task funds, with notable investments successful Apple, Google, Paypal, and Zoom.

A Sequoia typical did not instantly respond to a petition for comment.

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