Venture capital firm Peak XV—formerly known as Sequoia Capital India—announced the launch of the Spark 03 startup cohort, which consists of 14 startups led by 16 women.
Four startups in this cohort are developing AI solutions for the travel, retailing, identification of fraud, and e-commerce industries. The remaining startups are concentrating on developing SaaS, B2B, and consumer enterprises, while four more are centred around healthcare.
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“Out of the many applications we received for this cohort of Spark, these 16 founders really impressed us with their ambition, first principles thinking and rich operating experience. Many of them are second-time founders. We’re excited to see them develop into leaders of tomorrow,” Peak XV managing director Sakshi Chopra said in a statement.
A few of the startups on the list are Fix My Curls, Meritic, Melvvi, CHOSEN, Soulside, Evenly, BabyMD, RaptorX.ai, FOBOH, Traverse, Wordsworth AI, and BabyMD. For now, one company in stealth.
As of the moment, Spark has three cohorts that include 41 firms from more than ten sectors and 48 founders.
Over the last 17 years of our operations in the region, Peak XV has grown to manage over USD 9 billion in capital across 13 funds and invested in over 400 companies, of which ~40 companies have achieved revenues of over $100MM.
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About Peak XV Partners
Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital and growth investing firm investing across India, Southeast Asia, and beyond.
