Sequoia Capital offshores investment strategy (Tech Confidential

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Sequoia Capital offshores investment strategy

[Posted on May 31, 2006 - 12:58 PM]

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Two of Sequoia Capital's latest investments leave little doubt that the Silicon Valley venture capital firm is playing the offshoring trend in a big way.

On Tuesday, Worksoft Creative Technology said it has closed a $30 million second round of funding from Sequoia and previous investor DCM Capital. Worksoft is aiming to be the Infosys of China. Then today, Tutorvista said it has raised $2 million in first round funding from Sequoia. The company hires Indian teachers to tutor students around the world via the Internet.

The deals follow Sequoia's acquisition of Indian venture capital firm, Westbridge Capital, earlier this month. It's been reported that a new India fund is in the works. It's unclear if they're offshoring the fundraising to a placement agent.

For more on Sequoia's latest deals, see:
Business Standard
SiliconBeat

Tags: worksoft, tutorvista, sequoiacapital, outsourcing, vc, venture capital

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