HongShan

HongShan, Peak XV back stablecoin-powered neobank KAST

Fundraising /

Peak XV and HongShan, the Indian and Chinese investment firms that split from powerhouse Sequoia last year, have co-led a $10 million seed investment in KAST, a dollar-denominated neobank-like platform that lets customers hold and spend stablecoins through traditional payment avenues.  Kast also issues credit cards that work with standard merchant networks, enabling users to […]

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Sequoia nears first Asia-Pacific deal since regional split

Venture /

Sequoia is closing in on making its first deal in India and the broader Asia Pacific region since its split with former partners, according to four sources familiar with the matter. The investor, one of the world’s largest venture capital firms, is in advanced talks to back Vance, a Bengaluru-based cross-border payments startup, the sources

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HongShan, spun out of Sequoia last year, is reportedly struggling to invest its huge war chest

Venture /

According to the Financial Times, HongShan, the Chinese investment firm spun off from Sequoia Capital in 2023, is aggressively expanding into Europe and North Asia owing both to “shrinking options” in China and to limited partners that have grown frustrated with how slowly HongShan is deploying the $9 billion in capital commitments it secured two

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