"Peak XV announced on Friday that it has raised $1.3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid intensifying competition for deals in the region. The capital will be deployed across its India seed and venture funds as well as its APAC vehicle."
"The firm will continue to size its funds based on where it sees the best opportunity to deliver "high-performing funds," he said. He added that Peak XV is still building its presence in the U.S. and is selective about where it competes. "In the U.S. market, we are an underdog - and that's great," Singh said, adding that the firm is focusing on areas where its experience in software, developer tools and fintech gives it an edge."
"The firm now counts more than 450 portfolio companies across fintech, software, and consumer internet, spanning seed to growth stages. The firm's new fundraise comes as New Delhi hosts the AI Impact Summit, drawing major technology players including OpenAI, Anthropic, and Google. At the event, General Catalyst outlined plans to invest $5 billion in the country over the next five years, sharply increasing its earlier commitment to the market."
Peak XV raised $1.3 billion for India and Asia-focused funds and manages more than $10 billion in assets. Most capital will be deployed across India seed and venture funds and the APAC vehicle, with a majority earmarked for India and expected to be invested over the next two to three years. The firm is concentrating on artificial intelligence and cross-border bets amid intensifying regional deal competition. After splitting from Sequoia Capital in 2023, Peak XV holds over 450 portfolio companies across fintech, software, and consumer internet. The firm prioritizes strong returns, sizes funds to deliver high performance, is selectively expanding in the U.S., and recently experienced senior departures.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]