Sequoia’s quickening agent program Surge has chosen 17 new businesses based out of India, Singapore, Vietnam, Indonesia and Australia for its fourth partner.
The 16-week long program which commenced from November 19, contains new businesses across sections including EdTech, FinTech, SME Tech, DevTools, Consumer, HealthTech and B2B commercial centers.
Flood has included PagarBook, LambaTest, Plum Insurance, Hashnode, Kyt, Studyroom, Tazapay, Let’s Dive, Richpanel, Mod.io, Otoklix, Aampe, Espilo and Shipsy in its program while three new businesses are in secrecy mode.
Entrackr had only revealed that Plum Insurance and a wellbeing startup working under Alpha Digital Pvt Ltd would be a piece of the fourth group. Medical coverage startup Plum had as of late raised Rs 30 crore drove by Surge Ventures while Alpha Digital’s yet to be reported startup had accumulated Rs 23 crore in its seed round.
In October, worker the executives application PagarBook had likewise brought $7 million up in its Series A round.
As indicated by Surge, new businesses in its fourth associate by and large brought $45.35 million up in their Surge round from both Surge and their co-financial specialists. Like past partners, a lion’s share of organizations are coming into the program with institutional and heavenly attendant co-financial specialists
Other than Surge, Tanglin Venture Partners, Blume Ventures, Info Edge and blessed messengers speculators including Naval Ravikant, Gokul Rajaram and Kunal Shah will likewise back these new companies.
With the fourth companion, Surge has a sum of 69 new companies situated in six nations. In its previous three clumps, out of 52 new companies, 27 new businesses were from India.
While Surge essentially centers around beginning phase new businesses, Sequoia has three assets for new companies across stages — seed, adventure and development — to put resources into India and SEA. In July, Sequoia reported a $525 million worth endeavor reserve and $825 million development store for the two locales.