Sequoia Capital has raised $530 million to invest in Indian startups

India’s growing tech scene now has access to an even huger pile of money. Venture-capital heavyweight Sequoia Capital raised $530 million for its fourth India-focused fund. The Menlo Park, California-based firm said it will also be looking to invest in companies located outside India in the Southeast Asia region. The new fund brings the firm’s total amount raised for deals in India and the surrounding region to $2 billion, a hefty sum even by American standards.