When Sequoia Capital India landed in Singapore quietly in 2012, the buzz around town was that a big-name US fund being in the country was going to really jolt the market and provide serious cred to the startups here.
The Indian team running operations here, however, appears to have spent the last year of its time in the island state helping startups in its India portfolio expand into Singapore, rather than directly investing in startups here.
However, the company just moved into a fancy new co-working space called The Co, and is its anchor tenant, so it could be a sign that it’s trying to get closer to local startups. Previously, it operated out of a service office in High Street.
Singapore is a popular choice as a base for foreign companies looking to expand into Southeast Asia, because it’s a mature market with plenty of infrastructure available. But as a…
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