VC Giant Sequoia Splitting into Three Independent Firms 

Global venture capital giant Sequoia is planning to separate its US, China and India-Southeast Asia businesses into three independent firms by March 2024.  

Sequoia China will become HongShan, Sequoia India-Southeast Asia will become Peak XV Partners and the US-Europe business will remain Sequoia Capital, the venture capital firm said in a letter to its limited partners. 

The Menlo, Park-CA-based firm’s move to end its long-term partnership of local leaders in China, India and Southeast Asia comes amid macroeconomic and geopolitical challenges that have made fundraising difficult and impacting its returns. 

“Each business will continue to serve the founders and ecosystems where they operate with the flexibility that comes with an independent brand,” the company said in the letter. 

Led by Roelof Botha, Sequoia Capital is one of the oldest and most successful venture capital firms and is known for backing tech industry behemoths, including Apple and Google. 

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