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Sequoia Capital India announces new $195M seed fund

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Sequoia Capital India announces new 5M seed fund

Leading venture capital firm Sequoia Capital India has closed a new $ 195 million seed fund to invest in very early-stage startups. This latest seed fund will focus on Sequoia’s Surge program, which launched in 2019 to offer $ 1 million to $ 2 million of equity in pre-Series A funding rounds, according to an announcement by Sequoia India.

A joint statement from Shailendra Singh and Rajan Anandan, both CEOs of Sequoia Capital, said: “We are pleased to announce that Sequoia Capital India recently closed its second seed fund at $ 195 million, to support the next set of founding missions driven by India and Southeast Asia. “

According to Sequoia, four cohorts have been through the Surge program in the past two years since its launch, with 69 startups spanning more than 15 industries and 164 founders from 17 different nationalities.

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One-third of Surge’s startups are building SaaS products, the majority for global markets; 25 percent are creating new consumer internet businesses; 13 percent are creating consumer brands and 12 percent are in the B2B space.

It also has startups in the segments of edtech, health tech, deep-tech, fintech, and more. “We pioneered the idea of ​​’open architecture’ to make Surge a collaborative effort with other seed funds and angel investors, and we do not charge program fees so other investors can invest on the same terms,” ​​the statement said. Surge’s four startup cohorts have raised a combined $ 172 million. It also has more than 100 co-investors.

News Source: YourStory

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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