Peak XV Companions raises $1.3B throughout India, APAC funds

Peak XV Companions has turn into the newest enterprise capital agency to top off on dry powder, closing $1.3 billion in capital commitments to take a position throughout its India Seed, India Enterprise, and APAC funds.

This additionally marks the VC agency’s—one of many largest in India—maiden fund publish its cut up from Sequoia Capital again in 2023.

In response to a publish on X on Friday, the agency will dip into “vital” uninvested capital from its present development fund and make investments. It additionally famous that the majority of its restricted companions (LPs) are non-profit endowments and foundations.

Peak XV, like different VC corporations, have commented on the optimism round synthetic intelligence (AI) startups, having made a sequence of current bets within the area, together with Y Combinator-backed PostHog and Hyperbound.

“AI is reworking the world at an unprecedented tempo, and whereas the preliminary breakthroughs had been concentrated in Silicon Valley, AI alternatives are actually ample in India and APAC. The scale, scale and class of expertise startups is deeply inspiring throughout each India and APAC,” the publish learn, hinting on the agency doubling down on investments within the sector, together with fintech and shopper segments.

The fundraising comes after Peak XV churned in blockbuster returns from a string of portfolio firms lately listed on public bourses, together with Pine Labs and Groww.

In the meantime, the agency has been seeing a slew of exits amongst its top-level executives. Most lately, managing administrators Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma left the corporate to arrange their very own enterprise capital agency.

In 2025, managing administrators Abheek Anand and Shailesh Lakhani left the agency, adopted by Surge accomplice Pieter Kemps and managing director Harshjit Sethi.