The VC firm formerly known as Sequoia India is looking to place more bets on Aussie founders looking past the collapse of grocery delivery start-up Voly.
The venture capital fund behind collapsed grocery delivery start-up Voly wants to place more bets on local founders and is armed with a fresh $US850 million of capital to allocate to Australian and Southeast Asian companies.
“It’s never good to lose money, but I think we understand that in this business when you’re backing founders at an early stage that are going after something which is improbable – but audacious – you will have setbacks from time to time,” Mr Agarwal said. “Across many sectors we find Australian founders build beautiful products and build them very capital efficiently,” he said.
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