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Our Bureau

Hyderabad , June 29

Sequoia Capital is poised to raise a specialised India-focussed equity fund of $400 million within the next two months.

The Managing Director of Sequoia Capital India, Mr Sandeep Singhal, said this would be in addition to the two funds of $350 million the company currently manages, which comprises a portfolio of about 25 companies.

Speaking on the sidelines after announcing investment of $10 million in AppLabs, Mr Singhal said the new fund would make bigger investments in the range of $10-50 million, in the areas of infrastructure, media, hotels and manufacturing, which are human capital intensive.

The new fund will focus on equity investments and would in all probability be completed by July-August.

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