Peak XV Partners
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Peak XV’s Piyush Gupta is leaving firm to start own secondary-focused VC fund
Piyush Gupta, one of the operating leaders at Peak XV Partners, is leaving the firm at the end of this month to start his own fund, four people familiar with the matter told TechCrunch. Gupta joined Peak XV, formerly known as Sequoia Capital India & SEA, in 2017, leading the influential venture firm’s strategic development…
Byju’s founder floats share offer to make peace with estranged investors
Founder Byju Raveendran is making a last-ditch attempt to placate the embattled Indian startup’s disgruntled investors.
Peak XV to launch perpetual fund backed by own partners, other leaders
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, according to an internal memo and a source familiar with the matter. The venture firm…
Byju’s founder, ousted by shareholders, insists he is still the CEO
Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing…
A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership…
OpenBorder’s e-commerce software helps merchants access consumers around the world
OpenBorder provides e-commerce merchants with instant access to the $2 trillion cross-border market through automation of certain logistical needs.
Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon…
SentinelOne acquires Peak XV-backed PingSafe for over $100 million
SentinelOne’s deal to acquire PingSafe values the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest…
Peak XV-backed MobiKwik seeks to raise $84 million in India IPO
Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft…
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India widens regulatory grip over tech firms
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern the tech sector. Last year,…
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India’s top VCs face fresh obstacles as startup investment plummets
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3-5x invested capital. Several leading India investors, including Peak XV Partners, Elevation Capital, Lightspeed, Nexus and Accel, have raised $500 million-plus in the past two years, emboldened by earlier…
Sarvam AI has come out of stealth mode and announced it has raised $41 million as the five-month-old Indian startup races to build a suite of full-stack generative AI offerings…
Mamaearth makes public debut, youngest Indian unicorn to list
Shares of Honasa Consumer, the parent firm of direct-to-customer beauty and personal care Mamaearth, jumped slightly in a key public listing watched by many Indian startups as they evaluate their…
In Mamaearth, Peak XV finds its fourth 10x return since Sequoia separation
In the oversubscribed IPO of Mamaearth, Peak XV Partners has found its fourth 10x or greater return within the six months since separating from the Sequoia family. The venture fund…
Peak XV’s latest Surge batch is 77% AI and deep tech startups
AI and other deep technologies are the prevailing themes in the new early-stage cohort from Peak XV Partners, as the largest India and Southeast Asia-focused VC fund intensifies its search…
Peak XV invests $35 million in wealth and asset management startup Neo
Peak XV Partners has invested $35 million in Neo, a fintech startup founded by industry veterans that is increasingly challenging incumbents including IIFL, Edelweiss and Waterfield Advisors, as the largest India-focused…
YC says visa challenges hampering participation of international founders
The most recent cohort from Y Combinator features more than 200 startups. More than a record half of the S23 startups focus on AI applications, highlighting a dominant trend we…
Peak XV Partners, the most influential venture firm in India and Southeast Asia, has signed more than 10 term sheets and witnessed three exits in the 10 weeks since it…
Peak XV eyes $50M investment in former Edelweiss executives’ Neo
Peak XV Partners is in advanced stages of deliberations to lead or fully finance a funding round in Neo Group, an asset management and financial advisory firm, three sources familiar…
Mukesh Bansal seeks over $100M valuation in new venture’s maiden funding
Mukesh Bansal of Indian fashion e-commerce giant Myntra and fitness platform Cult.fit fame is evaluating a new venture. Even though he hasn’t yet decided on his exact plans for the…
Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtech giant, implying a starkly diminished valuation of $5.1 billion to the Indian…
Prosus, Peak XV Partners and Chan Zuckerberg Initiative confirmed Friday that their representatives have resigned from the board of Byju’s, India’s most valuable startup that is also reeling from the departure…
Peak XV Partners backs India’s Digantara to propel space situational awareness
Digantara, an Indian space tech startup that is working on space situational awareness, has raised $10 million in a funding round led by Peak XV Partners (formerly Sequoia Capital India…
Investors say they have uncovered financial irregularities at Mojocare
Mojocare investors have found “financial irregularities” at the Indian health and wellness startup and are moving to scale down its operations, they said in a statement Sunday. The move follows…
