Peak XV Partners Secures $1.3 Billion in Capital Commitments

Peak XV Partners has confirmed the closure of $1.3 billion in new capital commitments across its India Seed, India Venture, and Asia Pacific funds. This marks the firm’s inaugural fundraising since its break from Sequoia Capital. In a recent post on X, Peak XV Partners highlighted that this new capital, combined with uninvested funds from its existing growth fund, will enhance its capacity to support founders who are creating industry-defining enterprises at various development stages. The firm maintains its commitment to aiding exceptional founders, a practice it has upheld for over two decades.

The announcement arises as Peak XV identifies widening opportunities driven by artificial intelligence in India and the wider Asia Pacific area. The firm indicated that although initial AI advancements were primarily in Silicon Valley, the potential landscape has broadened, bolstered by improved market depth, quality of talent, and global aspirations among startups in the region.

Investment Strategy of Peak XV Partners

In an interview with ET, the managing director of Peak XV Partners, Shailendra Singh, stated that the firm will persist in investing across seed, venture, and growth phases, issuing cheques ranging from single-digit millions to $100 million, while refining its cross-border strategy to establish an India-APAC connection.

This latest fundraising follows Peak XV’s previous announcement of $2.85 billion in growth and venture capital commitments for India and Southeast Asia in 2022, with $2 billion designated specifically for India. The firm later adjusted the fund’s size by 16 per cent in 2024, attributing this to high public market valuations in India.

Portfolio Highlights

The fundraising arrives at a moment when numerous Peak XV portfolio companies are experiencing momentum in public markets. Notable firms like Meesho, Groww, and Pine Labs have successfully listed, while Zetwerk, Curefoods, and Infra.Market are gearing up for their own initial public offerings.

Since its division from Sequoia Capital, Peak XV has provided backing to various startups, including Scapia, RapidCanvas, Sarvagram, Atlys, Mokobara, Stable Money, GoodScore, and Sarvam AI.