Krux
February 22, 2026
Peak XV Raises $1.3B in First Funds Post-Sequoia Split
Published: February 22, 2026 at 3:03 PM
Updated: February 22, 2026 at 3:03 PM
100-word summary
Peak XV Partners has closed $1.3 billion across three equity-focused venture funds targeting India and Asia, marking its first independent raise since separating from Sequoia. The capital spans India Seed, India Venture, and APAC funds, with global LPs including endowments and foundations participating. The firm will deploy the majority into India over the next two to three years, focusing on AI, fintech, consumer tech, and deeptech from seed to later stages. Peak XV now manages over $10 billion across 450+ portfolio companies and has backed more than 80 AI startups, signaling sustained conviction in the region despite recent senior-partner departures.
What happened
Peak XV Partners has closed $1.3 billion across three equity-focused venture funds targeting India and Asia, marking its first independent raise since separating from Sequoia. The capital spans India Seed, India Venture, and APAC funds, with global LPs including endowments and foundations participating. The firm will deploy the majority into India over the next two to three years, focusing on AI, fintech, consumer tech, and deeptech from seed to later stages.
Why it matters
Peak XV now manages over $10 billion across 450+ portfolio companies and has backed more than 80 AI startups, signaling sustained conviction in the region despite recent senior-partner departures.