Daksham Capital raises Rs 125 Cr in first close of Rs 300 Cr fund
The fund will invest in startups at the pre-Series A and Series A stages, with cheque sizes ranging from Rs 5 crore to Rs 20 crore. It will focus on D2C brands, consumer enablers, B2B2C businesses, supply chains and consumer AI.
Sequoia Capital, a leading Silicon Valley venture capital firm, recently announced the closure of its London office as part of a strategic restructuring. The firm revealed that it has raised €8.89 billion ($10 billion) in new funds, with the decision to exit Europe being a key focus. Three of the four London-based partners, Luciana Lixandru, Julien Bek, and George Robson, chose to remain in Europe instead of relocating to California.
Lixandru, who joined Sequoia in 2020, has backed numerous European startups and expressed her intent to continue supporting the European tech ecosystem from the Bay Area. Bek, with a decade of experience investing in European founders, also intends to remain in Europe and continue his support for founders and portfolio company boards.
The firm's decision to close its London office and streamline its structure signals a shift in focus towards high-conviction, highly selective venture capital investments.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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