Peak XV introduced on Friday that it has raised $1.3 billion throughout new India and Asia-focused funds. The agency, which now manages greater than $10 billion in belongings, is sharpening its give attention to synthetic intelligence and cross-border bets amid intensifying competitors for offers within the area.
The capital shall be deployed throughout its India seed and enterprise funds in addition to its APAC car. A majority is earmarked for India, with the agency anticipating to speculate the pool over the following two to 3 years, managing director Shailendra Singh mentioned in an interview on Friday.
Peak XV break up from Sequoia Capital in 2023, in an effort to separate the India-focused parts of Sequoia’s portfolio. The agency now counts greater than 450 portfolio corporations throughout fintech, software program, and shopper web, spanning seed to development phases.
The agency’s new fundraise comes as New Delhi hosts the AI Affect Summit, drawing main expertise gamers together with OpenAI, Anthropic, and Google. On the occasion, Common Catalyst outlined plans to speculate $5 billion within the nation over the following 5 years, sharply rising its earlier dedication to the market.
Singh mentioned Peak XV is just not attempting to match rivals dollar-for-dollar, emphasizing that the agency’s precedence is producing robust returns slightly than maximizing belongings below administration. The agency will proceed to dimension its funds based mostly on the place it sees the very best alternative to ship “high-performing funds,” he mentioned.
He added that Peak XV remains to be constructing its presence within the U.S. and is selective about the place it competes. “Within the U.S. market, we’re an underdog — and that’s nice,” Singh mentioned, including that the agency is specializing in areas the place its expertise in software program, developer instruments, and fintech offers it an edge.
The most recent fundraise follows a interval of management modifications at Peak XV, together with the current departures of senior accomplice Ashish Agrawal and traders Ishaan Mittal and Tejeshwi Sharma. Singh instructed TechCrunch the agency retains important expertise on its management workforce, noting that 5 of its seven managing companions have been with Peak XV for greater than a decade. The broader Peak XV workforce consists of greater than 30 full-time traders, with a few dozen main investments throughout its markets.
Techcrunch occasion
Boston, MA
|
June 9, 2026
Peak XV has returned greater than $7 billion in money to traders since inception, Singh mentioned, including that 35 of its portfolio corporations have gone public. He declined to specify distributions for the reason that agency’s break up from Sequoia Capital. In September 2024, TechCrunch reported that the agency had returned about $1.2 billion within the yr.
Forward of the present elevate, Peak XV’s prior fund was sized at $2.85 billion in late 2021, earlier than the agency break up from Sequoia Capital. That determine was later decreased to about $2.4 billion as a part of what Singh described as a disciplined method to capital. The sooner pool included Peak XV’s India development technique, and Singh mentioned the agency doesn’t plan to lift a brand new development fund till extra of that dry powder is deployed.
Singh expects to deploy the brand new capital primarily into AI, fintech, and shopper startups, whereas additionally seeing rising alternatives in deep tech. The agency has made greater than 80 investments in AI startups up to now. He added that the U.S.-India ties have gotten more and more necessary as extra founders within the area construct for world markets.
