The VC Firm Plans Aggressive Investment in Early-Stage Startups Across India and Southeast Asia
Venture capital firm Peak XV Partners is reportedly preparing to raise between $1.2 billion and $1.4 billion for its first independent fund since parting ways with U.S.-based Sequoia Capital two years ago. This marks a significant milestone in the firm’s evolution as it steps out on its own in one of the most dynamic startup ecosystems in the world.
The upcoming fund will primarily focus on early-stage startups across India and Southeast Asia, signaling Peak XV’s continued commitment to nurturing innovation in emerging markets. The firm, which was formerly known as Sequoia India & Southeast Asia, rebranded to Peak XV Partners in 2023 following a global restructuring by Sequoia Capital.
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ToggleSince the split, Peak XV has aimed to establish itself as a major player in the Asian venture capital landscape, operating with greater autonomy while retaining its deep regional expertise. The new fund represents not only a financial milestone but also a symbolic one, as it will be the firm’s first fund raised under its new identity.
Despite the global slowdown in venture funding, Peak XV‘s ability to aim for a multi-billion-dollar raise indicates strong investor confidence in the firm’s leadership and long-term vision. The fund will enable the firm to back a wide range of startups, particularly in the technology, consumer, fintech, and healthtech sectors—areas that have seen consistent growth and investor interest in the region.
In addition to the upcoming early-stage fund, Peak XV is also planning to deploy capital through a separate growth investment vehicle. This move aligns with its strategy to support startups beyond their seed and Series A stages, helping them scale across markets and reach profitability.
This dual approach—focusing on both early-stage and growth-stage companies—reflects Peak XV’s ambition to play a comprehensive role in a startup’s journey. By participating in multiple funding stages, the firm can maintain long-term partnerships and help founders navigate complex growth challenges.
Peak XV’s fundraising effort comes at a critical time for startups in India and Southeast Asia, where funding has become more selective and performance-driven. Founders are now expected to demonstrate stronger fundamentals, including profitability potential, market fit, and scalability.
With a fresh fund and a renewed focus, Peak XV is well-positioned to capitalize on the growing demand for experienced venture capital partners in these regions. The firm’s historical investments include some of the most successful startups in the region, such as Zomato, Razorpay, CRED, Pine Labs, and GoTo, giving it a strong portfolio and credibility among entrepreneurs.
Peak XV Partners’ plan to raise up to $1.4 billion is a bold step that underscores its confidence in the Indian and Southeast Asian startup ecosystems. As it moves forward independently, the firm is not only looking to back the next generation of breakout startups but also to redefine its legacy in the global VC landscape.