Peak XV Partners Company Profile, Investment and Team

Peak XV Partners, formerly known as Sequoia Capital India & SEA, is one of the leading venture capital and growth investing firms, backing businesses across India, Southeast Asia, and beyond. The name, Peak XV (pronounced Peak Fifteen) was used for Mount Everest before it was called that. It shows the greatness and determination of founders, who overcome challenges along the way.

In the last 17 years, Peak XV has managed over USD 9 billion in capital across 13 funds and invested in more than 400 companies, of which more than 40 have become unicorns. They have a dedicated team of professionals. Their offices are available in multiple cities such as Bangalore, Mumbai, Delhi, Singapore, and Dubai, apart from these 14 different nationalities.

Headquarters: Bangalore, Karnataka

It was founded by KP Balaraj, Raj Dugar, Sandeep Singhal, SK Jain, and Sumir Chadha. (2000)

Fund Size: $2.85 billion 

Location: Gurugram (India)

In which sectors are mostly Peak XV investors?

Peak XV Partners invests in a wide range of sectors, such as consumer tech, B2B SaaS, healthcare and health, climate tech, and D2C brands.

Recently News of Peak XV Partners

• Shailesh Lakhani and Abheek Anand, managing directors at Peak XV Partners, are set to leave the venture capital (VC) firm, according to sources.

• Shraeyansh Thakur left Peak XV Partners after nearly 10 years to start his own startup. He shared the news in a LinkedIn post, announcing his plans to begin a new entrepreneurial journey.

• Venture capital firm Peak XV Partners, formerly Sequoia India and Southeast Asia, has reduced its 2022 vintage fund by 16%. This move is towards investing in a “measured manner” due to high valuations in the Indian market.

• Venture capital firm Peak XV Partners has sold about a 1% stake in software-as-a-service (SaaS) company Freshworks, as per a US Securities and Exchange Commission filing.

• Peak XV Partners, formerly Sequoia Capital India and SEA, sold more than 22% of its stake in Indigo Paints for Rs 1,557 crore through open market transactions. 

• Peak XV Partners has sold 1.5% of its stake in fintech company One MobiKwik Systems for Rs 82 crore in an open market transaction.

• On Oct 2, 2024, Peak XV Partners announced a reduction of $465 million and lower fees on other funds. The decision comes as high valuations make it harder to complete deals, especially in India.  

• Pune-based credit platform SarvaGram Solutions, which focuses on rural areas, has raised ₹565 crore in a Series D funding round led by Peak XV Partners.

• Anirudh Mullick, Director of Human Resources (HR) at Peak XV Partners, is leaving the company, according to IndianStartupNews (ISN), and in a very short period of time, he became a key person at the firm.

• Peak XV Partners and four others sold a 10% stake in Honasa Consumer, the parent company of the Mamaearth brand, for Rs 1,601 crore through open market transactions. ICICI Prudential Life Insurance and Morgan Stanley bought stakes in the company.