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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.

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.

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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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Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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