FinTech news in Sequoia India category

Zamp offers a treasury management platform that enables businesses worldwide to invest surplus cash in U.S. Treasury bills and notes, partnering with BNY Mellon Pershing, which manages over $2 trillion. The platform serves businesses of all sizes, it said.

Sequoia India is in advanced stages of deliberations to invest over $50 million in K12 Techno Services, a startup that offers a range of services to education institutions and also runs its own chain of schools, doubling down on a firm that it first backed over a decade ago, two sources familiar with the matter told journalist. K12 Techno Services — which has raised over $75 million in previous rounds, according to Tracxn — also engaged with TPG and Accel in recent weeks but has decided to move ahead with existing backer Sequoia India, one of the sources said. The deal represents Sequoia’s aggressive and multi-faceted approach to tackling the edtech market in India, where over 300 million students go to school and participate in competitive college entrance exams. K12 Techno Services runs Orchids – The International School chain in over two dozen cities in India.

Sequoia India and Southeast Asia has launched a new program to help its portfolio early-stage founders connect with international operators who can help the startups expand to new markets, the venture firm said, as it aggressively scales its offerings in the key regions. The program will open up to much of the venture firm’s portfolio, but Sequoia expects early-stage startups — in seed and Series A stages — will find it especially useful, said Harshjit Sethi, managing director at Sequoia India, in an interview. In addition to providing founders with advice, connections and help, the operators will also invest in the startups as part of the program, called Pathfinders, the storied venture firm said. The firm, which launched a $2.85 billion fund for India and Southeast Asia earlier this year, chanced upon the idea of Pathfinders on a Zoom call in 2020 while discussing ways to provide greater help to firms looking to expand outside of the country.