Nearly three years after separating from its Silicon Valley parent, Sequoia Capital, Peak XV Partners has raised $1.3 billion across a new set of funds to back startup founders building in India and the Asia-Pacific region. Formerly known as Sequoia Capital India and Southeast Asia, the firm continues to double down on its long-term conviction in the region’s entrepreneurial ecosystem.
The newly raised capital will be deployed across three funds covering India seed, India venture, and APAC investments. Under this strategy, Peak XV plans to write cheques of up to $5 million for seed and very early-stage startups, while its India venture fund will typically invest between $5 million and $15 million, with select deals scaling up to $20 million. At the same time, the firm continues to sit on a significant portion of uninvested capital from its $1-billion growth fund raised in 2022, giving it flexibility to invest across company stages and sizes.
Speaking about the firm’s capital position, Shailendra Singh, Managing Director at Peak XV Partners, said the growth fund remains nearly half uninvested, allowing the firm to continue backing breakout companies. He added that Peak XV can still deploy $75 million to $100 million at the upper end for growth-stage investments. However, he also noted that India remains one of the most expensive markets globally when it comes to growth investing.
Singh explained that global technology investing continues to undergo a structural shift. According to him, capital increasingly concentrates into a smaller number of companies that scale rapidly and dominate markets. He observed that this trend also plays out across startups, where a small group of winners captures disproportionate value by scaling far faster and growing much larger than their peers.
As a result, Singh said growth-stage investing now requires sharper conviction and greater selectivity. He emphasised that investors must identify the small set of companies capable of becoming category-defining leaders, as this shift fundamentally reshapes how technology investing works across global and regional markets.
