Who is Peak XV Partners?
Peak XV Partners is a venture capital firm investing in India, Southeast Asia and the wider Asia-Pacific. Until 2023 it was Sequoia Capital India and Southeast Asia, the regional arm of Sequoia Capital. It says it manages more than $10 billion across 16 funds and has had 36 portfolio companies list 37. TechCrunch has called it the largest India-focused fund 5.
| Fact | Detail |
|---|---|
| Started | 2006, as Sequoia Capital India 13 |
| Independent from Sequoia | Split announced June 2023, due by March 2024 4 |
| Managing director | Shailendra Singh 7 |
| Assets | More than $10 billion across 16 funds 7 |
| Latest raise | $1.3 billion for three funds, February 2026 13 |
| Cash returned | More than $7 billion since inception 15 |
How did Peak XV start?
In 2006 Sequoia Capital combined with WestBridge Capital Partners, an India fund, to form Sequoia Capital India. Four WestBridge managing directors were named to lead it 1. Quartz describes the deal as Sequoia acquiring WestBridge, which then had two funds totalling $340 million 2. The firm raised $400 million in 2006 and $300 million in 2007 2.
On 6 June 2023 Sequoia said it would split into three firms. The India and Southeast Asia business would become Peak XV Partners by 31 March 2024, and the China business would become HongShan. The firms cited difficult fundraising and geopolitical pressures 4, as well as market confusion and portfolio conflicts 5. Peak XV was the survey name for Mount Everest before it was named, and the firm says it stands for chasing ambitious goals 6.
Who runs Peak XV?
Shailendra Singh, who joined in 2006, is managing director 87. Rajan Anandan is managing director of Peak XV and of Surge, its early-stage programme 9. In February 2026 Abhishek Mohan became a general partner and Saipriya Sarangan chief operating officer 7.
Several senior investors have left since the split. Managing directors Shailesh Lakhani and Abheek Anand left in 2025, and Harshjit Sethi announced his exit in September 2025 1110. In early 2026 Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma left to start their own firm. Singh said this followed an internal disagreement and was a mutual decision 7.
Funds and assets
| Date | Fund | Size |
|---|---|---|
| 2006 | First Sequoia India fund | $400 million 2 |
| 2022 | India and Southeast Asia funds | $2.85 billion, later cut to about $2.39 billion 12 |
| 2024 | Perpetual fund backed by partners | Not disclosed 5 |
| February 2026 | India seed, India venture and Asia-Pacific funds | $1.3 billion in total 13 |
In October 2024 Peak XV cut its 2022 fund by 16% and returned about $465 million to investors, while lowering fees on its growth fund 12. Most of the 2026 money is for India, with seed cheques of up to about $5 million and venture cheques of $5 million to $15 million 14. Singh said no new growth fund was planned until more existing money was invested 15.
Surge, launched in 2019, has backed more than 170 startups, which have raised more than $3 billion in later funding 9.
Major Indian investments
| Company | Status | Reported outcome |
|---|---|---|
| Zomato (Eternal) | Fully exited, November 2023 | More than 10 times its money 16 |
| Pine Labs | Listed November 2025 | About $35 million invested for more than $1.1 billion in value, 17% retained 19 |
| Groww | Listed November 2025 | ₹1,582 crore from the IPO; 14.22% held after a September 2026 sale 2021 |
| Meesho | Listed December 2025 | 11.3% stake worth ₹5,342 crore 22 |
| Freshworks | Listed on Nasdaq | Sold about 2.9 million shares for $52 million in 2024-25 18 |
| OYO | Unlisted | Large partial sales to the founder in 2019 and later 17 |
| CRED | Private | Partial sale in a secondary deal linked to Meta’s 2026 round 29 |
| Razorpay | Private | Stake not disclosed 28 |
TechCrunch reported that the November and December 2025 listings of Groww, Pine Labs, Meesho, Wakefit and Capillary gave Peak XV about $3.33 billion in unrealised gains and about $311 million in cash 7. It also realised about $1.2 billion in the first year after the split 5.
Controversies
Byju’s. In 2023 Peak XV’s representative resigned from Byju’s board. In a letter to its investors the firm cited poor transparency and management not following the board’s advice, and said it would mark the stake down significantly 23.
BharatPe. Co-founder Ashneer Grover was removed in 2022 while auditors investigated. Sequoia said the problems were not due to a lack of due diligence and that it would respond strongly to fraud 24. BharatPe and Grover settled all cases in September 2024 25.
GoMechanic and Zilingo. In 2023 GoMechanic’s founder admitted errors after a review found inflated revenue, and Sequoia reportedly told its portfolio it had zero tolerance for misconduct 26. At Zilingo, chief executive Ankiti Bose was fired in 2022; she says her harassment complaints played a part 24. Rajan Anandan said in 2023 that world-class companies need world-class governance 27.
See also all investors.
