A story that came to our attention through the courtesy of Mark Straub.
Sequoia Capital, the famous venture capital firm for its early stage investments in Google, Yahoo, Paypal, YouTube and others leads the $11.5mn equity investment in SKS Microfinance, one of the fastest growing microfinance institutions in the world. According to the press lease of SKS Microfinance, Sequoia Capital is the lead investor with $6.5mn. Other investors include Unitus Equity Fund, Vinod Khosla, Ravi Reddy, and Odyssey Capital.The funds will provide the stimulus that SKS needs to achieve its ambitious goal to provide financial services to over 5 million poor families by 2010. Another example of convergence in the investment world.