Sequoia Capital India led a $65m growth round in Bibit.

Sequoia Capital India, an venture capital firm, led a $65m growth round in Bibit, a stock investing platform and community. Additional investors included Naspers, Tencent Holdings, Prosus Ventures, Harvard Management Company, AC Ventures and East Ventures. “Indonesian mutual fund customers have grown almost 10x in the past five years. Savings via mutual funds is the first step towards investing and Bibit has helped millions of consumers start their investing journey in a responsible manner. Sequoia Capital India is excited to double down on the partnership as the company brings the same customer focus to stock investing with Stockbit,” Rohit Agarwal, Sequoia Capital India Vice President.