Venture capital firm Sequoia Capital plans to invest about $900 million in India over the next 2-3 years.
?The sectors in focus would include financial services, infrastructure and consumer-centric domains such as retail and technology, ? said Sequoia Capital India MD Sumir Chadha .
The VC firm that has invested $1 billion in India over the last ten years plans to exit a lot of firms this year. ?The Indian market has always given us consistent revenues. We are also looking at exiting a lot of firms this year as the economic conditions in the country are now healthy,? added Chadha.
Micromax, SKS Microfinance, Dr Lal Pathlabs, Unitedlex, Globallogic and online travel portal Via are among the companies in which Sequoia Capital India has invested.
Chadha said the investment for this fiscal will be lower than the last fiscal as the market has picked up .
?We invest when the markets are a bit low so that we get good valuation,? he said.
On SKS, Chadha said the company has been doing well and Sequoia has no plan to exit the microfinance company.