Sequoia invests $20 million in…an Indian coffee company?

July 19, 2006 | Matt Marshall

Sequoia Capital, the Silicon Valley venture capital firm that made its name investing in deep technology (Cisco, Apple, Google), has invested $20 million in an Indian coffee company, Amalgamated Bean Coffee Trading Company Ltd (branded as CoffeeDay).

Word comes from Sahad PV, the blogger at VC Circle who does an Indian equivalent of SiliconBeat.

So at Sequoia lately we have T-Shirts, and now coffee. And quite a mature large coffee company at that. We also have shoes, dolls for little girls, and weather. What are they drinking over their at Sequoia. Decaf?

This does match what we’ve heard about investing in India, that is is still mostly late-stage.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.