In 1584, the queen granted Sir Walter Raleigh a charter for the colonisation of Virginia; it was named in her honour. Raleigh and Elizabeth sought both immediate riches and a base for privateers to raid the Spanish treasure fleets. Raleigh sent others to found the Roanoke Colony; it remains a mystery why the settlers all disappeared. In 1600, the queen chartered the East India Company. It established trading posts, which in later centuries evolved into British India, on the coasts of what is now India and Bangladesh. Larger scale colonisation began shortly after Elizabeth's death.