Sequoia Capital Seeks Bigger Role in India’s Maturing Venture Industry

Wall Street Journal Venture Capital Dispatch 8 August
What are the first things that come to mind when you think about India: the Taj Mahal against a soft orange sunset, or a banquet of spicy foods?
How about venture capital? Probably not.
Traditionally, Indian entrepreneurs have bypassed establishing venture-backed businesses at home, preferring instead to head straight to Silicon Valley, the venture capital and start-up hub of the world.
But in the last few years that has slowly changed, with more entrepreneurs deciding to set up on native soil, said Abhay Pandey, a managing director with Sequoia Capital India.
In the last two to three years, entrepreneurs have seen better economic value in keeping back-end operations, such as engineering, in India, with front-end operations in the U.S. Some have even set up full operations at home to solely target the local market.
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