Sequoia Capital is a minority share holder in Vasan Eye care, a Chennai based healthcare group. The enforcement department (ED) of FEMA is already probing Vasan for alleged FEMA violations. This has necessitated ED to look into Sequoia Capital too. Sequoia which calls itself "a startup building partner to founders in India who want to turn business ideas into enduring companies" has confirmed the action and is cooperating in all respects.