Peak XV Partners

Investment decisions are made by the managing director team led by Shailendra Singh, who has been with the firm since its Sequoia days. Other managing directors include Harshjit Sethi (focus on fintech), Rajan Anandan (enterprise and AI), Pinnamaneni Prakash (healthcare and consumer), and Ishan Sinha (growth-stage deals). The firm operates sector-specific committees that approve investments.

The firm leverages its long-standing network in the Indian and Southeast Asian startup ecosystem, built since 2006. It runs a structured seed program called Peak XV Surge, which brings early-stage startups into the firm's orbit. The team also actively scouts at universities and tech hubs. Deals often come through repeat founder relationships and referrals from portfolio companies.

Peak XV is a pure institutional venture capital firm, not a family office. It raised $2.85B in its latest fund in 2024 from limited partners including sovereign wealth funds, pension funds, university endowments, and other institutional investors. The firm manages multiple fund vehicles across stages and sectors, similar to a traditional VC but with a regional focus.

Peak XV invests across seed, early, and growth stages. It has a dedicated seed program (Surge) that writes initial checks of $500K to $2M, growth funds that commit $10M to $100M per round, and a focus fund for early-stage deals. The firm typically participates in Series A through Series D rounds, with some later-stage follow-ons. It does not generally invest in public markets.

The firm's public focus is on technology-driven sectors, but it has not explicitly stated any banned sectors. However, it has shown limited interest in heavily regulated industries like crypto (beyond blockchain infrastructure), real estate, or pure manufacturing. The firm prefers software and technology-enabled services over capital-intensive asset-heavy models.

Peak XV was originally Sequoia Capital's India and Southeast Asia arm, operating as Sequoia Capital India and Sequoia Capital Southeast Asia from 2006 to 2023. In June 2023, Sequoia split its China, India/Southeast Asia, and US/Europe businesses into independently-branded firms to avoid market conflicts and regulatory issues. The split was brand-only—team, strategy, and capital remained unchanged. Peak XV retains the same investment approach but operates autonomously.

Yes, Peak XV operates the Peak XV Foundation, a philanthropic arm focused on education and climate initiatives in India and Southeast Asia. The foundation is structured separately from the for-profit fund vehicles, with its own board and funding from the firm's carried interest. The foundation does not invest in startups but makes grants to nonprofits.

Peak XV actively co-invests with other venture and growth firms, particularly in later-stage rounds. It has co-invested with funds like Tiger Global, SoftBank, and Accel in portfolio companies such as Byju’s and OYO. The firm often leads rounds but welcomes syndication partners. It does not typically participate in SPVs or fund-of-fund structures.