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Peak XV Partners
Peak XV Partners was founded in 2006 as the India and Southeast Asia arm of Sequoia Capital, before rebranding as an independent firm in June 2023.
Peak XV Partners
Peak XV Partners was founded in 2006 as the India and Southeast Asia arm of Sequoia Capital, before rebranding as an independent firm in June 2023. The separation was amicable, driven by Sequoia's need to resolve market conflicts after splitting its China and India businesses. Shailendra Singh, one of the longest-serving Sequoia partners globally, leads the firm alongside managing directors Harshjit Sethi, Rajan Anandan, Pinnamaneni Prakash, and Ishan Sinha. The wealth origin is not tied to a single family, as Peak XV operates as a venture capital firm with a diversified limited partner base. The firm invests across seed, venture, and growth stages, focusing on enterprise software, fintech, digital health, AI/ML, consumer tech, climate tech, and edtech in India and Southeast Asia. Notable portfolio companies include Byju’s, OYO, Zomato, and GoTo Group (per the firm's official communications). Peak XV deploys capital through a range of funds—early-stage, growth-stage, and sector-specific vehicles—and often leads or co-leads rounds. The geographic footprint is concentrated in India and Southeast Asia, with offices in Singapore, Bangalore, Mumbai, and San Francisco. Peak XV manages over $9B in assets, with a team of more than 100 professionals across four offices. In May 2024, the firm closed a new $2.85B set of funds for India and Southeast Asia, including a $2.25B main fund, a $575M focus fund for early-stage deals, and a $25M ancillary vehicle (per Bloomberg, May 2024). The firm also operates a philanthropic arm, the Peak XV Foundation, which focuses on education and climate initiatives in the region. A key structural differentiator is Peak XV's independent operating model post-Sequoia split, which allows it to deploy capital without the constraints of a global brand requiring portfolio-wide consistency. The firm maintains a bottom-up decision-making culture, with sector-specific teams empowered to make local bets. This structure has enabled Peak XV to capture market-specific nuances in a region where venture dynamics differ sharply from the US or China.
General information
Firm type
Venture Capital
Year founded
2006
AUM
Undisclosed
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore, Singapore
Additional offices
Bangalore, India · Mumbai, India · San Francisco, United States
Principals
Shailendra Singh
Managing Director
Harshjit Sethi
Managing Director
Rajan Anandan
Managing Director
Pinnamaneni Prakash
Managing Director
Ishan Sinha
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at 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.
How does Peak XV source proprietary deal flow?
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.
Is Peak XV structured as a single family office or does it operate more like a venture firm?
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.
What investment stages does Peak XV typically target?
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.
Which sectors does Peak XV explicitly avoid?
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.
How does Peak XV relate to Sequoia Capital?
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.
Does Peak XV maintain philanthropic structures, and how are they separated?
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.
What is Peak XV's known posture on co-investments alongside external GPs?
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.
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