Peak XV Partners has closed $1.3 billion in fresh capital commitments across its India Seed, India Venture, and Asia Pacific funds. This marks the firm’s first major fundraise since separating from Sequoia Capital and reinforces its commitment to backing startups across early, venture, and growth stages.
Focus on supporting category-defining founders
The firm said the new capital, along with uninvested funds from its existing growth vehicle, will strengthen its ability to support founders building category-defining companies. Peak XV has maintained a long-term investment strategy focused on identifying outlier founders and supporting them across multiple growth stages.
AI driving new investment opportunities in India and APAC
Peak XV noted that artificial intelligence is unlocking significant investment opportunities across India and the broader Asia Pacific region. While early AI innovation was concentrated in Silicon Valley, improving talent quality, deeper markets, and stronger global ambitions among regional startups are expanding opportunities.
Cheque sizes to range from millions to $100 million
Managing director Shailendra Singh said Peak XV will continue investing across seed, venture, and growth stages, with cheque sizes ranging from single-digit millions to $100 million. The firm is also strengthening its cross-border investment strategy to build a stronger India–APAC startup corridor.
Portfolio momentum and continued startup backing post-Sequoia split
Peak XV previously announced $2.85 billion in commitments in 2022 and later reduced the fund size in 2024 due to public market conditions. Since its separation from Sequoia Capital, the firm has backed startups including Scapia, Sarvam AI, Atlys, Mokobara, and Stable Money. Several portfolio companies such as Meesho, Groww, and Pine Labs have already listed, while others prepare for IPOs.
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