Peak XV Celebrates 20 Years in India, Reveals Billion-Dollar Exits

As of November 2025, India-focused venture capital firm Peak XV (formerly Sequoia Capital India) is celebrating two decades of operations in the country. The firm has seen significant success in recent years, taking home over $3.5 billion in exits from the listing of portfolio companies like Mamaearth, GoDigit, and Mobikwik.

Peak XV's managing director, Shailendra Singh, explains that the early years were challenging, as India's tech ecosystem was still nascent. However, the firm was able to partner with companies that went on to become industry leaders. Over the past decade, the number of Peak XV's portfolio companies crossing $100 million in annual revenue has expanded dramatically, signaling the maturity of the ecosystem.

Looking ahead, the firm plans to continue backing category-defining companies and building large stakes. Its focus areas include fintech, AI, software, consumer, and deeptech sectors like precision manufacturing, space, and semiconductors. Peak XV is also prioritizing its US cross-border initiative to support Indian startups expanding globally.

Despite the cyclical nature of venture capital, Singh believes India has been less volatile in both private and public markets. The key, he says, is for startups to transition from a "blitzscaling, growth-at-all-costs" mindset to a more disciplined approach as they scale. Enduring companies must balance disruption and discipline to build long-term value.