Home / Business and Economy / Peak XV Raises $1.3B Post-Sequoia Split
Peak XV Raises $1.3B Post-Sequoia Split
21 Feb
Summary
- Peak XV secured $1.3 billion in new capital commitments.
- This marks the firm's first fund since splitting from Sequoia.
- Investments will focus on AI, FinTech, Consumer, and DeepTech.
Venture capital firm Peak XV has announced the closure of $1.3 billion in new capital commitments across its India Seed, India Venture, and APAC funds. This marks the firm's maiden fundraise since its split from Sequoia Capital in 2023, demonstrating continued investor confidence. Peak XV highlighted that its limited partners are predominantly non-profit endowments and foundations.
The firm plans to concentrate its investments on core sectors including AI, FinTech, and Consumer, while also increasing its focus on emerging areas like DeepTech. This strategic allocation aligns with Peak XV's anticipation of significant technological innovation across India and the broader APAC region, seeking founders with vision and resilience.
This substantial fundraising follows a period of strong returns for Peak XV, bolstered by successful public listings of portfolio companies such as Pine Labs and Groww. The firm's activity also occurs amidst notable executive departures, with several managing directors leaving to establish their own venture capital firms in recent years.
