Sequoia's Surge selects 17 startups for its fourth cohort

Sequoia’s accelerator program Surge has selected 17 startups based out of  India, Singapore, Vietnam, Indonesia and Australia for its fourth cohort.

The 16-week long program which kicked off from November 19, comprises startups across segments including EdTech, FinTech, SME Tech, DevTools, Consumer, HealthTech and B2B marketplaces.

Surge has included PagarBook, LambdaTest, Plum Insurance, Hashnode, Kyt, Studyroom, Tazapay, Let's Dive, Richpanel, Mod.io, Otoklix, Aampe, Espilo and Shipsy in its program while three startups are in stealth mode.

Entrackr had exclusively reported that Plum Insurance and a health startup operating under Alpha Digital Pvt Ltd would be a part of the fourth batch. Health insurance startup Plum had recently raised Rs 30 crore led by Surge Ventures while Alpha Digital’s yet to be announced startup had gathered Rs 23 crore in its seed round.

In October, employee management app PagarBook had also raised $7 million in its Series A round.

According to Surge, startups in its fourth cohort collectively raised $45.35 million in their Surge round from both Surge and their co-investors. Like previous cohorts, a majority of companies are coming into the program with institutional and angel co-investors.

Besides Surge, Tanglin Venture Partners, Blume Ventures, Info Edge and angels investors including Naval Ravikant, Gokul Rajaram and Kunal Shah will also back these startups.

With the fourth cohort, Surge has a total of 69 startups based in six countries. In its earlier three batches, out of 52 startups, 27 startups were from India.

While Surge mainly focuses on early-stage startups, Sequoia has three funds for startups across stages -- seed, venture and growth -- to invest in India and SEA. In July, Sequoia announced a $525 million worth venture fund and $825 million growth fund for the two regions.