Sequoia, Accel make up 1/4 of U.S. VC investment in India since 2010

By Rose Thompson
May 1, 2015

VCs descended upon Indian startups like never before last year and capital invested by U.S. firms skyrocketed to $4 billion—not only the largest total ever but also the first time U.S. venture capital invested in India surpassed $1 billion.

When talking about VCs that are long on India, two names inevitably come to mind: Sequoia and Accel. For good reason—they’re by far the most prodigious investors in the country. The two firms have ramped up their India investment strategies aggressively, with their combined financings accounting for about a quarter of all U.S. deal flow in India since 2010 (40% so far this year).

India VC Blogpost Chart

Source: PitchBook

You might be wondering who is buying all these startups. It’s still a pretty immature market to do deep exit analysis, but we reviewed the 16 liquidity events Sequoia and Accel have seen in India. A few of their biggest sales (Accelyst Solutions, Myntra Designs and Serendipity Infolabs) all have one thing in common: they were all bought by other venture-funded companies in India with U.S. investors (Snapdeal, Flipkart and Ola).

image 3

Source: PitchBook

For more investment and exit data on the 257 other U.S. investors that have funded startups in India, sign up for a free trial of the PitchBook Platform.

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