Sequoia said to be delaying $2.8b India-SEA fund close amid governance issues

Sequoia said to be delaying $2.8b India-SEA fund close amid governance issues

Photo: Reuters

Sequoia Capital has postponed the closing date of its $2.8-billion India and Southeast Asia (SEA) fund on the back of alleged financial irregularities and corporate governance misses at some of its portfolio firms, The Economic Times reported on Wednesday, citing people in the know.