Sequoia Capital Invests In Indian Content Startup

Silicon Valley venture fund Sequoia Capital’s Indian unit has invested 1 billion rupees ($16.4 million) in Verse Innovation, a Bangalore-based startup that offers local-language news and e-books on mobile phones. Previous investors, who also participated in the current round, include Matrix Management Corp.’s Indian unit, Matrix Partners India, which invests in early- and growth-stage consumer-focused startups,…