Wednesday, September 10, 2008

K.P. Balaraj

"The best investments are often made in very difficult times. Entrepreneurs are more realistic, and valuations are much more reasonable. And people are aware of challenges in building a great, long-term business."

K.P. Balaraj, Managing Director, Sequoia Capital India

September 10, 12 noon





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KP Balaraj is a Managing Director with Sequoia Capital India. Prior to joining Sequoia Capital India, KP co-founded WestBridge Capital Partners. Earlier, KP was part of the Whitehall Group of Goldman Sachs & Co., where he served as a member of Goldman-backed funds and operating companies that invested over $1 billion of private equity in Southeast Asia.


Prior to that, he was a co-founder and CFO of Miradiant, a financial services venture-backed startup. Earlier, he was an investment banker at Salomon Brothers.


KP is a founding board member of Young Entrepreneur's Organization (YEO) Bangalore. KP received an MBA from Harvard Business School and a BS in Business Management from Brigham Young University, where he graduated as valedictorian of his class.
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Sequoia Capital, a venture capital company was founded by Don Valentine in the year 1972. Sequoia Capital provides venture and growth capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs behind the Entrepreneurs", Sequoia Capital has been early investors in global market leaders such as Google, Cisco, Yahoo, YouTube, Oracle and Electronic Arts. In India, Sequoia Capital is committed to investing in seed and early stage companies that have the potential to be tomorrow’s market leaders.


Sequoia Capital India currently manages over $1 billion of venture and growth capital funds for India and has been one of the most active investment firms over the past few years, with investments in market leaders such as Bharti Telesoft, Café Coffee Day, Firstsource, Idea Cellular, Indiatimes, Indecomm and marketRx. The firm operates out of offices in Bangalore, Mumbai and Menlo Park.



Following are the list of Companies in which Sequoia have invested in India:


Sequoia invests mainly in three different sectors-

Services
Software
Systems


Services



The Services section is divided into Education, Healthcare, Internet, Outsourcing, Hospitality and Wireless sector.


EDUCATION


Tutorvista


TutorVista leverages Internet, technology and global resources to make personalized education affordable to students globally. TutorVista is a comprehensive educational portal offering one-on-one live tutoring over the Internet 24X7 (voice, whiteboard for writing and drawing, and chat), constant testing and reporting of student’s progress, comprehensive content (tests, worksheets, QBs, lessons, animations, simulations, virtual labs) and test prep for standardized tests, state and other exams.


Founder and CEO K.Ganesh
President Dr. John Stuppy
Lead KP Balraj, Managing Director,
Sequoia Capital India

Team KP Balaraj, Ravi Shankar GV



Healthcare



Dr. Lal PathLabs


Dr Lal Path Labs established in 1949 is India's leading diagnostics and pathology services company. The company has a distinguished track record of providing medical diagnostic services in India for the last 56 years. Its operations incorporate state-of-the-art testing equipment and methodologies and strongly leverage advanced communication infrastructure. LPL offers today the widest range of testing parameters available under one roof in India.


Chairman and MD Dr Arvind Lal
Lead Sandeep Singhal, Managing Director,
Sequoia Capital India

Team Sandeep Singhal, Ravi Shankar GV



GVK Biosciences


GVK BIO, provides contract research services to a rapidly growing base of global pharmaceutical and biotechnology companies.

GVK BIO is a part of the $1 billion GVK group. GVK is a diversified enterprise having interests in Infrastructure (Power, Transportation and Urban Infrastructure), Services (Hotels, Life-sciences and Financial) and Manufacturing (Particle Boards, Resins and Chemicals). GVK BIO is one of India’s premier CROs, providing an integrated platform of research services across the Pharma R&D value chain to a growing number of global Pharma and Biotech companies.


Managing Director G.V. Sanjay Reddy
Chairman Davinder S. Brar
President Manni Kantipudi
Lead Sandeep Singhal, Managing Director,
Sequoia Capital India

Team Sandeep Singhal, Gautam Mago, Abhay Pandey



MarketRx


MarketRx combines analytics, market research and technology to provide solutions that enable our customers at global pharmaceutical and biotechnology companies to improve the effectiveness of their sales and marketing initiatives. The company has operations in New Jersey, USA and Delhi, India.

MarketRx has made significant investment in creating intellectual property and leveraging state of the art technology, advanced modeling and statistical analysis techniques.

Some of the notable investors include:

• Charles A. Sanders, M.D., Former Chairman & CEO of Glaxo Inc.

• Robert P. Luciano, Chairman Emeritus, Schering Plough

• William A. Schreyer, Chairman Emeritus, Merrill Lynch & Co., Inc.

• Rick S. Braddock, Partner, Mid Ocean Partners; Chairman, priceline.com; President and COO, Citibank N.A.


Lead Sumir Chadha, Managing Director,
Sequoia Capital India

Team Sumir Chadha, Ravi Shankar GV, Sandeep Singhal



Paras Pharmaceuticals


Paras Pharmaceuticals is a FMCG company selling branded over the counter drugs and personal care products. The manufacturing plant of Paras, situated at Kalol, near Ahmedabad, is symbolic of a 360-degree approach.


It comprises of a strong chain of C&F agents, along with 1700 stockists, which cater to as many as 8 lac retail outlets, ensuring that every Paras product reaches its customers in record time, across the country.

Complimenting this efficiency at home is an equally effective network operating at a global level - covering more than 45 countries like Kuwait, Oman, Saudi Arabia, Malaysia, Maldives, Kenya, Uganda, Singapore, Myanmar, Ukraine, Panama, West Indies, UAE and Australia.


Lead Surendra Jain, Managing Director,
Sequoia Capital India





ReaMetrix


ReaMetrix, Inc. is a next generation biotechnology company that supplies functional biology solutions to the life science industry via a unique business model. It is a San Carlos and Bangalore based company that provides high value reagent solution services to life sciences research and diagnostic development.

Managing Director and CEO Bala S. Manian Ph. D.
Lead Sandeep Singha, Managing Director,
Sequoia Capital India




Sai Advantium Pharma
Sai Advantium Pharma is a contract research organization providing drug discovery and developmental support services to biotech and pharmaceutical companies worldwide.


Lead Surendra Jain, Managing Director, Sequoia Capital India.
Team Surendra Jain, Sandeep Singhal



SCIOinspire
Investment:

A provider of cost-containment services for health plans, SCIOinspire offers innovative, results-oriented analytics, cost containment and claims management solutions. Freeing clients to focus on their core competencies, SCIOinspire draws upon an expert pool of medical and analytical resources, complemented by technology and knowledge assets.


Lead Sumir Chadha, Managing Director, Sequoia Capital India.
Team Sumir Chadha, Shailendra Singh




Zavata (Acquired by: Apollo Health Street)
Established in 1995, Zavata is a technology-based BPO solution to healthcare payors and providers, the insurance and corporate sector, as well as government and public health agencies. It delivers end-to-end services via a blended shore model.

Investment Partners: Westbridge Capital (Sequoia Capital) and Mellon Ventures and BV-Cornerstone Ventures, LP

Founder and Managing Director Sangita Reddy



INTERNET



Times Internet
Investment:

Times Internet is aggregating communities of Indians and India-interested audiences with rich content offerings - including India's most popular news websites (timesofindia.com and economictimes.com), audience interactivity, advertising revenues, e-commerce and subscription offerings in travel, merchandise, etc, and through mobile applications with India's larges operator-agnostic shortcode.


Lead Sumir Chadha, Managing Director,
Sequoia Capital India

Team Sumir Chadha, Surendra Jain



Team KP Balaraj, Shailendra Singh



OUTSOURCING


Bharti Telesoft
Formed in 1999, Bharti Telesoft is a rapidly growing provider of value added products and services to operators across the globe. Its broad product and service portfolio reflect the demands and opportunities of the growing mobile marketplace: mEntertainment and mCommerce solutions, as well as messaging, roaming and call management products and services.

Investors: Sequoia Capital, Cisco


CEO Manoranjan Mahopatra
Lead Surendra Jain, Managing Director, Sequoia Capital India.
Team Surendra Jain, Mohit Bhatnagar, Douglas M. Leone



Brainvisa Technologies
Please refer above


Cafe Coffee Day
Export of green coffee and operation of retail chain of coffee culture cafes. Amalgamated Bean Coffee Trading company, better known as "ABC", is one of the largest exporters of green coffee from India since 1999. ABC's business mission has its roots in coffee knowledge. This culminates into an incessant effort to adapt to dynamics of the coffee market resulting onto a leadership role. ABC has invested well into a Research and development on coffee quality that supports our domestic promotion of various blends of coffee and augments our export activities.


Board of Directors/Lead KP Balaraj, Managing Director, Sequoia Capital India.
Team KP Balaraj, Ravishankar



Carzonrent
Carzonrent India Private Limited is the Licensee of Hertz for India and the company strives to deliver the same standards of impeccable quality and service that have made them the world’s #1 car rental company. At present they operate out of all major business cities including New Delhi, Noida, Gurgaon, Jaipur, Chandigarh, Mumbai, Pune, Vadodara, Bangalore , Chennai, Hyderabad and Kolkata and are also fast expanding into state capitals and tourist destinations across India.

Business Associate: Hertz


CEO Rajiv K Vij
Lead Sandeep Singhal, Managing Director,
Sequoia Capital India

Team Sandeep Singhal,Sumir Chadha



Dr. Lal PathLabs
Dr Lal Path Labs established in 1949 is India's leading diagnostics and pathology services company. The company has a distinguished track record of providing medical diagnostic services in India for the last 56 years. Its operations incorporate state-of-the-art testing equipment and methodologies and strongly leverage advanced communication infrastructure. LPL offers today the widest range of testing parameters available under one roof in India.


Chairman and MD Dr Arvind Lal
Lead Sandeep Singhal, Managing Director,
Sequoia Capital India

Team Sandeep Singhal, Ravi Shankar GV



Edelweiss Capital
Edelweiss is one of the leading financial services company in India. Its current businesses include investment banking, securities broking, and investment management. They provide a wide range of services to corporations, institutional investors and high net-worth individuals.


Chairman, CEO & Managing Director Rashesh Shah
Board of Directors/Lead KP Balaraj, Managing Director, Sequoia Capital India.
Team KP Balaraj, Ravishankar



FirstSource
Firstsource, founded in December 2001, is one of the largest and fastest growing Indian BPO providers, with more than 5000 employees and 4000 seats across five operational centers located in Bangalore, Mumbai and United States.Firstsource is listed on India’s leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Investors: Sequoia Capital


Chairman of the Board of Directors Dr. Ashok Ganguly
Managing Director and CEO Shikha Sharma
Lead KP Balaraj, Managing Director, Sequoia Capital India.
Team KP Balaraj, Surendra Jain



GlobalLogic
Leading global product development Services Company formed in 2006 by the merger of Induslogic and Bonus Technology, GlobalLogic partners with emerging software leaders, helping them bring great products to market in less time and at lower cost. Last year, GlobalLogic released more than 200 software products into the market. GlobalLogic is headquartered in the U.S., with global delivery centers in the U.S., India, and the Ukraine; the company employs more than 1,300 professionals worldwide.


GlobalLogic has ongoing partnerships with more than 140 technology clients in markets including Telecom, VoIP, Embedded, Mobile, Web2.0/Consumer Internet, Open Source, On-Demand/SaaS, QA, Payment, Fraud Detection, Investment, Lending and Business Intelligence. Our partners include industry leaders such as AOL, Autodesk, Avolent, Electronic Arts, iFlex, NexTone, Sony Digital and Trimble. GlobalLogic, an Inc.


Alliance Partners: Qualcomm, op Source, Microsoft, IBM, Oracle, Symbian, 6th Sense, Atlassian, r Path


Chairman, CEO & Managing Director Rashesh Shah
Lead Sumir Chaddha
Team Sumir Chaddha,Shailender Singh



GVK Biosciences
Please refer above


Idea Cellular
As India's leading GSM Mobile Services operator, IDEA Cellular has licenses to operate in 11 circles. With a customer base of over 17 million, IDEA Cellular has operations in Delhi, Maharashtra, Goa, Gujarat, Andhra Pradesh, Madhya Pradesh, Chattisgarh, Uttaranchal, Haryana, UP-West, Himachal Pradesh,UP-East, Rajasthan and Kerala. IDEA Cellular's footprint currently covers approximately 45% of India's population and over 50% of the potential telecom-market.

Investors: National Stock Exchange of India Ltd and Bombay Stock Exchange Limited


Lead Surendra Jain, Managing Director, Sequoia Capital India.




Interactive Avenues
Interactive Avenues is a Digital Marketing Solutions company that partners with marketers to unleash the power of digital media to achieve their business objectives.


Lead Shailendra Singh, Principal, Sequoia Capital India
Team Shailendra Singh, Sandeep Singhal




Manappuram Finance
Manappuram Finance provides financial services parabanking. The Group was founded in 1949 by late Shri V.C. Padmanabhan, a great visionary of his times. The Group commenced its operations at Valapad, mainly with money lending activity on a very modest scale. The principal asset of the Group was the impeccable integrity devotion and foresight of its Founder. The Group soon established itself as a safe haven for investments of the people of the area providing absolute safety and assured returns. On the sad demise of the Founder in 1986, his illustrious son Shri V.P. Nandakumar, the present Chairman took over the reins. Under his dynamic leadership the Group never had to look back.


Lead KP Balaraj, Managing Director, Sequoia Capital India.



MarketRx
Please refer above


Pangea3
Pangea3 provides legal process outsourcing services, utilizing client dedicated teams of lawyers and engineers in India and the United States to deliver best-of-breed patent analytics and patent drafting, contract drafting and contract management, legal research, competitive intelligence, electronic discovery, and document review services to U.S., European and Japanese corporations and law firms at a radically low cost.

Pangea3's primary offices are located in New York City, New York and Mumbai, India

Investors: Sequoia Capital


Co-founder and Co-CEO Sanjay Kamlani
Co-founder and Co-CEO David Perla
Lead Sumir Chadha, Sequoia Capital India
Team Sumir Chadha, Shailender Singh



Paras Pharmaceuticals
Please refer above


Printo
Printo is India’s first branded retail chain for print and document services which leverages digital and internet technologies to offer print products of international standards.


Director Naresh Malhotra
Director Pravin Gandhi
Lead Sandeep Singha, Managing Director,
Sequoia Capital India





Royal Orchid Hotels
The Royal Orchid Hotels, currently includes four hotels - Hotel Royal Orchid, Royal Orchid Central and Royal Orchid Harsha in Bangalore and Royal Orchid Metropole in Mysore. Royal Orchid Star, a luxurious resort, will open in Bangalore in 2006. The Company is planning an expansion into other Indian cities like Mumbai, Delhi, Pune and Hyderabad through joint ventures, management contracts, leasing or setting up of its own properties.


Founder Chander K Baljee
Board of Directors/Lead KP Balaraj, Managing Director, Sequoia Capital India.
Team KP Balaraj, Ravishankar



Sai Advantium Pharma
Please refer above


Satellier
Satellier is a leading workshare solutions provider to the global AEC industry. Satellier has pioneered workshare in the AECO industry since the company’s inception. Through workshare, partners can achieve the competitive advantages of lower cost of production, higher rates of innovation in core areas, fast scaling for access to new markets and opportunities, lower cost and risk in expansion, infusion of BIM into their business, and, ultimately, higher revenue and profits.


Lead Sumir Chadha, Managing Director, Sequoia Capital India.



SCIOinspire
A provider of cost-containment services for health plans, SCIOinspire offers innovative, results-oriented analytics, cost containment and claims management solutions. Freeing clients to focus on their core competencies, SCIOinspire draws upon an expert pool of medical and analytical resources, complemented by technology and knowledge assets.


Lead Sumir Chadha, Managing Director, Sequoia Capital India.
Team Sumir Chadha, Shailendra Singh





SKS Microfinance
SKS is a new generation microfinance institution. SKS works on three inter-linked principles to scale microfinance. This includes using a for-profit methodology to access capital, drawing on best practices from the business world to speed growth, and deploying technology to overcome high delivery costs.



Lead Sumir Chadha, Managing Director, Sequoia Capital India.



Times Internet
Please refer above


Unicon
Unicon is a retail financial services intermediary, engaged in the businesses of equity, commodity and property brokering, insurance and mutual fund distribution and consumer lending.


Lead Surendar Jain, Managing Director, Sequoia Capital India.
Team Surendra Jain, Gautam Mago, Abhay Pandey



Zavata
Please refer above


Hospitality


Cafe Coffee Day
Export of green coffee and operation of retail chain of coffee culture cafes. Companies in major importing nations Europe, USA, Japan & UAE. Our stake holders would confidently second our claim of being a company where quality and commitment to serve our customers, is of prime importance.


Lead KP Balaraj, Managing Director, Sequoia Capital India.
Team KP Balaraj, Ravi Shankar GV



Carzonrent
Carzonrent India Private Limited is the Licensee of Hertz for India and the company strives to deliver the same standards of impeccable quality and service that have made them the world’s #1 car rental company. At present they operate out of all major business cities including New Delhi, Noida, Gurgaon, Jaipur, Chandigarh, Mumbai, Pune , Vadodara, Bangalore , Chennai, Hyderabad and Kolkata and are also fast expanding into state capitals and tourist destinations across India.

Business Associate: Hertz


CEO Rajiv K Vij
Lead Sandeep Singhal, Managing Director,
Sequoia Capital India

Team Sandeep Singhal,Sumir Chadha




Printo
Please refer above


Royal Orchid Hotels
Please refer above


Travel Guru
Please refer above


Software



APPLICATION



Bharti Telesoft
Please refer above


GlobalLogic
Please refer above



MarketRx
Please refer above



SKS Microfinance
Please refer above


DATA MANAGEMENT

MarketRx
Please refer above


WIRELESS


Aricent
Investment:

Aricent is the leading pure play provider of high impact, innovative software solutions to the global communications industry. Aricents business is unique in its ability to deliver communications solutions that stretch from the network infrastructure to end user devices.

Investors: Sequoia Capital


Lead Michael Moritz, Michael Moritz focuses on software and services investments.



Bharti Telesoft
Please refer above

**
Sequoia Capital India closes $725MM Growth Fund II

Sequoia Capital India announced today the closure of its second growth equity fund dedicated to India - Sequoia Capital India Growth Fund II. Sequoia Capital India has raised US $725 million in this fund, to be invested in late stage, pre-IPO and public market investments in India. With the raise of this fund, Sequoia Capital India now manages India-targeted funds capitalized at close to US $1.8 billion – reinforcing its position as one of the dominant venture capital and private equity investors in the Indian market.


Sumir Chadha, Managing Director, Sequoia Capital India said, "The raise of Sequoia Capital India Growth Fund II demonstrates our belief in the strong growth story in India, and builds on the performance of our first growth fund. This fund allows us to offer the powerful Sequoia Capital platform of global networks and local knowledge to growth companies and help them expand into market leaders.”


“We believe that India has a very high number of promising companies that are poised to take their businesses to the next level and we are committed to investing and partnering with these firms to help them achieve their goals.” said Sandeep Singhal, Managing Director, Sequoia Capital India.


In 2006, Sequoia Capital India raised its first Growth Fund of US $400 million. This fund has achieved significant success with notable investments in industry leaders such as food services and coffee leader Café Coffee Day, hydropower firm Coastal Projects, menswear apparel firm Cotton County, institutional brokerage firm Edelweiss Capital, luxury brand operator Genesis Colours, contract research company GVK Bio, telecom operator Idea Cellular, and microfinance leader SKS Microfinance.


Sequoia Capital India manages both growth/late-stage and early stage funds. Through these funds, Sequoia Capital India has invested in more than 50 companies including market leaders such as Applabs, Bharti Telesoft, Dr Lal Pathlabs, Firstsource, GlobalLogic, Indecomm Global and marketRx. These investments span a broad range of sectors focused on high growth companies and management teams with a strong potential to succeed.


Sequoia Capital India is led by Managing Directors KP Balaraj, Sumir Chadha, SK Jain, and Sandeep Singhal. With the closure of Sequoia Capital India Growth Fund II, Abhay Pandey, who joined Sequoia Capital India in 2007, has been promoted to Managing Director.


Sequoia Capital India is part of the global Sequoia Capital organization, which maintains dedicated teams in the US, China, Israel and India, and manages funds capitalized at over US $10 billion. Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. As the "Entrepreneurs behind the Entrepreneurs", Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle and Apple Computers.


About Sequoia Capital India


Sequoia Capital India currently manages funds capitalized at close to US $1.8 billion and invests across venture, growth and late stage opportunities. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last 8 years, Sequoia Capital India has invested in more than 50 Indian companies including Applabs, Bharti Telesoft, Café Coffee Day, Dr Lal Pathlabs, Edelweiss Capital, Firstsource, GVK Biosciences, Idea Cellular, Shaadi.com and SKS Microfinance. Sequoia Capital India operates out of offices in Bangalore, Mumbai and Silicon Valley.


Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle and Apple Computers. Sequoia Capital maintains dedicated teams in the US, China, India and Israel.


To learn more about Sequoia Capital India visit: www.sequoiacap.com/india
**
Source:
Rashi Gupta
The PRactice
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