Menlo Park-based venture capital firm Sequoia Capital has announced the expansion of its Indian leadership team, as on-boarded new marketing and public policy head and an operating partner.
One of the most active investors in India, Sequoia Capital named former Star India senior executive Gayatri Vasudeva Yadav as its new chief marketing officer (CMO), and Ajey Gore, who is the former technology head at Gojek, as an operating partner.
Under this expansion as reported by ET, the firm also appointed Shweta Rajpal Kohli as the head of public policy, who previously worked at Salesforce as a director of government affairs and public policy for India and South Asia.
The managing director of Sequoia Capital, Shailendra Singh posted on LinkedIn;
“To give a boost to our efforts across several important areas, we’re excited to welcome these three widely respected senior executives to the Sequoia Capital India team in roles that will help us expand the work we do to build startups alongside our founders.”
With their new responsibilities, one side Gayatri Vasudeva Yadav will help Sequoia to launch and grow brands, and the other side Ajey Gore will work as CTO, where he will help with insights and expertise in building and scaling engineering, data science, product and design functions.
Interestingly, the public policy role is the one that is newly created by this investment firm. With this role, Shweta Rajpal Kohli will be seen to work with various industry bodies and associations, and also work on the collaboration part between Sequoia’s portfolio companies and governments across India and Southeast Asia.
This development comes when a few weeks back Sequoia Capital closed a $1.35 billion India venture and growth fund and now with the expansion in its Indian leadership wing, the firm clearly shows its seriousness for the potential market in the world’s third-largest economy.
Along with this Reuters reported today that India based content-sharing platform ShareChat is in early-stage talks with Sequoia Capital (also with some other investors as well) to raise up to $200 million at the valuation of nearly $1 billion.
This seems fair as ShareChat forays into short video sharing platforms, MOJ, and now the company wants to spend more on its marketing as it’s a golden period for these apps after TikTok got banned along with 58+ other Chinese apps.