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10XF
10XF was Sequoia Capital's captive venture vehicle in Mauritius, writing seed checks into Indian startups before the 2023 split into Peak XV Partners.
10XF
Launched as a Mauritius-based investment vehicle, 10XF functioned as an integrated extension of Sequoia Capital India's early-stage practice. The firm wrote seed-stage checks into Indian startups, leveraging the Sequoia platform for deal origination and portfolio support while routing capital through Mauritius for operational and regulatory efficiency. The strategy centered on conviction-led seed investing across enterprise software, consumer, fintech and digital health. 10XF co-invested regularly with Leo Capital, another early-stage backer active in India. Confirmed portfolio exposure includes Bulbul, a social commerce platform that raised seed funding with both 10XF and Leo Capital participating. The vehicle wrote checks at formation stages, positioning alongside accelerators and angel syndicates rather than leading late-stage rounds. Sequoia Capital's June 2023 announcement reshaped 10XF permanently — the firm separated its India and Southeast Asia operations into Peak XV Partners, ending the Sequoia India brand. Peak XV now manages what was 10XF's parent mandate, making the Mauritius vehicle effectively dormant as a fresh commit pool. No subsequent deployment figures or new fund formation have been reported since the transition. Structurally, 10XF represents a rare case of a captive venture vehicle using offshore incorporation for domestic emerging-market deployment — a pattern more common among hedge funds than VC arms. The vehicle's shelf-life was tied directly to its parent brand, not to an independent GP track record, making it a contained chapter in what is now Peak XV's standalone story.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Africa
Country
Mauritius
City
Ebene
Corporate office
Ebene, Mauritius
Sector focus
Frequently asked questions
What was 10XF's relationship with Sequoia Capital?
10XF was a captive corporate venture vehicle based in Mauritius, operating as an integrated part of Sequoia Capital India's early-stage investment platform. It shared deal flow, brand, and portfolio support resources with Sequoia India before the June 2023 split that created Peak XV Partners.
What happened to 10XF after Sequoia created Peak XV Partners?
Peak XV Partners inherited the India and Southeast Asia mandate previously run under the Sequoia brand, including 10XF's operating scope. No new fund formation or deployment has been reported from 10XF since the transition, rendering the vehicle effectively inactive as a fresh capital vehicle.
What investment stage did 10XF target?
10XF focused on seed-stage investments in Indian startups, writing initial checks at company formation. The vehicle positioned alongside accelerators, angel syndicates, and other early-stage specialists like Leo Capital rather than leading growth or late-stage rounds.
Which companies did 10XF invest in?
Confirmed portfolio exposure includes Bulbul, an Indian social commerce platform that raised seed funding with participation from both 10XF and Leo Capital. The vehicle maintained a generalist sector approach covering enterprise software, consumer, fintech, and digital health.
Is 10XF still actively deploying capital?
No evidence of active deployment exists following Sequoia's 2023 India and Southeast Asia separation. Peak XV Partners now manages the mandate, and 10XF's Mauritius structure has not surfaced in any subsequent fundraise or deal announcement since the transition.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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