This story starts with Gautam Mago, 39, former managing director and partner of Sequoia India.
Mago didn’t see it coming.
The murmurs started sometime in late 2016. At Sequoia’s headquarters in the US. Their grouse was that for the longest time, six years, to be exact, the Sequoia partnership structure in India had remained pretty much the same. It is a well-known fact in the business of venture capital investing that Sequoia likes to churn its partners. Often. Just so nobody takes their job for granted. In India, the story of the partnership dates back to early 2011, when Sequoia broke up with WestBridge Capital Partners.