Peak XV Partners

Sethi, who led the firm’s AI investments and worked with companies like Sarvam, BharatPe, Apna, and Darwinbox, has submitted his resignation and will be transitioning out, according to sources.

Sahai joined Sequoia Capital India & SEA in April 2023 and continued as CPO at Peak XV after its split from Sequoia Capital US. His departure adds to a wave of senior exits following the firm’s restructuring and evolving investment strategy.

The firm had invested ₹116 crore over several rounds in the past 10 years, and this exit gave them more than 11 times that amount in return.

Top Fintech Investors For Startups Investment in India.

Rajan Anandan, the managing director of venture capital firm Peak XV Partners, disclosed on Thursday that the firm has "approximately Rs 16,000 crores of dry powder" readily available for investment in businesses.

The early-stage venture capital arm of Peak XV Partners, Surge Ventures, led the Rs 43.71 crore (or $5.2 million) initial fundraising round for SalarySe, an app that provides financial assistance to salaried workers.

Neo Group, a wealth and asset management company, secured $35 million from Peak XV Partners as part of its most recent round of funding.

Sam Altman, CEO of OpenAI, creator of ChatGPT, and Peak XV Partners (previously Sequoia India and SEA) led a $2.3 mn seed financing round for AI startup Induced.

Rohit Agarwal, who was previously a principal investor, has been promoted by Peak XV Partners to the position of managing director. Shailendra Singh, Abheek Anand, and Rohit Agarwal, according to Peak XV Partners, are the three MDs on the investment team in the Singapore office.