Peak XV raises $1.3 bn debut funds after separating from Sequoia

Peak XV Partners gathered $1.3 billion for bets, its first independent fundraising since separating from US parent Sequoia Capital in 2023. The timing of the raise matters for the largest VC firm in India, as it deals with multiple senior departures. The $1.3-billion corpus will be divided across three funds - India Seed, India Venture and Asia-Pacific.