Peak XV Partners Raises $2.85 Billion New Fund to Back India and Southeast Asia Startups
Peak XV Partners (formerly Sequoia India) has closed its largest-ever fund at $2.85 billion, signaling strong investor confidence in the India and SEA startup ecosystem.
Peak XV Partners, formerly known as Sequoia India & Southeast Asia, has officially closed its sixth fund at $2.85 billion — the largest fund ever raised for India-focused venture capital.
Fund Strategy
The new fund will continue Peak XV's multi-stage approach, writing checks from $1 million for seed investments to $100 million+ for late-stage rounds. The fund has a 12-year life with a focus on India and Southeast Asia.
Portfolio Highlights
Peak XV's portfolio includes Zepto, Meesho, Razorpay, CRED, Unacademy, and Byju's. The firm has backed 9 of the 15 largest Indian unicorns by last known valuation.
Emerging Focus Areas
The firm says it will prioritize AI-native startups, climate technology, healthcare technology, and financial services in this fund cycle.
LPs
The fund's LPs reportedly include top US university endowments, sovereign wealth funds from the Middle East and Singapore, and several large family offices.
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