Sequoia Capital will continue to respond strongly to willful misconduct or fraud

As high-profile startups in its portfolio face allegations of financial fraud and a lack of corporate governance, Sequoia Capital India has broken its silence for the first time, saying it will continue to respond "strongly" to "wilful misconduct and fraud."

Fintech firm BharatPe, social commerce firm Trell, and Singapore-based business-to-business e-commerce company Zilingo are among the portfolio companies facing such allegations. Sequoia Capital India stated in a blog post that it would continue to take "proactive steps" to drive further compliance across its portfolio companies by conducting governance training for founders and senior management, ensuring the implementation of whistleblower policies, obtaining additional independent board representation, and requesting more disclosures and rigorous adoption of internal audits and controls.

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