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Sequoia and Sandstone invest in Micromax

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Sharefin

  Sequoia Capital and Sandstone Capital are said to be taking minority stakes in Micromax Informatics, as announced by the company. The former two companies will join TA Associates, which completed a US$45 million investment in Micromax in late 2009. With this investment, Mohit Bhatnagar, MD, Sequoia Capital, will join the board of the company.