Sequoia Capital investment Surge has helped 15 startups and out of which seven of them are Indian startups.
The program is co-led by Rajan Anandan and Shailendra Singh. As seven times of $200-million funds have been invested across the country sector in the third batch. Taking forward to allover Surge portfolio to 52 startups.
The current Indian batch includes (Atlan, Fittr, DrinkPrime, Procol, Last9, Convosight, Pentester Academy) Atlan helps collaborations in data projects, DrinkPrime provides smart water purifiers, Convosight is a data analytics firm, Fittr fitness app, Pentester Academy trains security professionals, Last9 helps firms operate at scale and Procolis digital procurement platform for agriculture and retail commodities.
As it proceeds towards the accelerator and it is a highly resourceful community, provides seed investment, and help startups to grow with many challenges faced in a tough business environment.
The Sequoia is a network that has been incredibly hands-on right from the beginning introduction to the hiring process. The Surge program is a program, especially to entrepreneurs. It is a great opportunity for them to learn from partners of the most legendary global technology companies.
Surge is a 16-week startup program, where new startups are going to get scale-up support. Along with seed investment of $1-2 million and the co-investments from investors.
How Sequoia Is Important for Startups?
Sequoia playing an important role in startups with its startup accelerator. As it is building a tight-knit resourceful community, so the next phase of differentiation in an early-stage deal at a time when capital has a large amount of commoditized cash.
The surge has started building a full-stack product based on community so to engage with its portfolio. While on the Surge app you can learn different things in a closed setting.
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A surge 01 startup mentioned that during this pandemic situation everyone should share their resources and take part in discussions.
Surge introduced in March last year, and now it has grown to more than 110 founder’s community from 52 startups. Just because of Surge people are taking interest in startups. As the ratio raised up to $250 million after the completion of the program in financing rounds.
According to the latest data reports by Tracxn, the number of seed and early-stage deals falls up to 37 percent in the first quarter of 2020.