Peak XV cuts its largest startup fund worth $2.85 billion by 16%

Venture capital firm Peak XV Partners (formerly Sequoia Capital India) has reduced the size of its largest startup fund worth $2.85 billion by 16% or $465 million. "In the context of a richly priced public market in India, we're investing in a measured manner in our growth fund," it said. The uninvested money will be reportedly returned to limited partners.