Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia –
Summary
Sequoia India managing director Shailendra Singh previously told TechCrunch that Surge would support a “curated” selection of fellow VCs who could invest in the cohort alongside the firm, and Sequoia said that the 17 startups have attracted a total of $36 million in investment. A spokesperson also pointed out that five of the selections have at least one female co-founders, which is almost certainly above average for the region, although it is tricky to get reliable data covering India and (in particular) Southeast Asia. Surge is an interesting effort for Sequoia, which has traditionally played in post-seed and growth stages of the investment cycle. One major addition to the program that has been confirmed, however, is Rajan Anandan, the executive who previously ran Google’s business in India and Southeast Asia and is a well-known angel investor. His recruitment is a major win for Sequoia, which is betting that Surge’s early-stage push will reap it richer dividends in India and Southeast Asia.
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