Peak XV has announced the closing of $1.3 billion in new capital commitments across its India Seed, India Venture and APAC funds.
This also marks the VC firm’s maiden fund post its split from Sequoia Capital back in 2023. The firm also noted that it has ‘significant uninvested capital’ from its existing Growth fund. It also noted that most of its limited partners (LPs) are non-profit endowments and foundations.
“We are immensely grateful for the steadfast commitment from our Limited Partners. We recognise that every fundraise represents a responsibility to both our LPs and to the founder ecosystem, and we remain deeply committed to serving them,” said Shailendra Singh, Managing Director, Peak XV.
Peak XV will continue to focus on its core sectors of AI, FinTech and Consumer, while also expanding investments in emerging areas such as DeepTech.
“This is an extraordinary time for technology innovation across India and APAC. The scale of opportunity, depth of talent, and growing global ambition among founders make this one of the most exciting periods we have seen. We are here to partner with founders who combine vision, resilience and execution as they build enduring companies,” Singh added.
The fundraising comes after Peak XV has seen strong returns from a string of portfolio companies recently listed on public bourses, including Pine Labs and Groww.
Meanwhile, the firm has been seeing a slew of exits among its top-level executives. Most recently, managing directors Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma left the company to set up their own venture capital firm.
In 2025, managing directors Abheek Anand and Shailesh Lakhani left the firm, followed by Surge partner Pieter Kemps and managing director Harshjit Sethi.
Published on February 21, 2026
