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Peak XV Partners company logo
Venture Capital
FINANCE | Investment Firms & Funds
peakxv.com

Investments

699

Portfolio Exits

77

Funds

19

About Peak XV Partners

Peak XV Partners provides venture capital funding for start-up companies in India. The company specializes in seed-stage, early-stage, and growth-stage investments. It was formerly known as Sequoia Capital India. The company was founded in 1972 and is based in Bangalore, India.

Headquarters Location

Divyasree Technopolis, 6th Floor, East Wing, Block B, 77° Town Centre Yemalur Road, Kodbisanhalli

Bangalore, 560037,

India

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Expert Collections containing Peak XV Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Peak XV Partners in 3 Expert Collections, including HR Tech.

H

HR Tech

65 items

U

Unicorns- Billion Dollar Startups

115 items

F

Food & Beverage

123 items

Research containing Peak XV Partners

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Peak XV Partners in 2 CB Insights research briefs, most recently on Aug 17, 2022.

Latest Peak XV Partners News

Sequoia splits into three

Jun 7, 2023

The India and Southeast Asia unit has been named Peak XV Partners. The unit, which will be managed by the existing management team, has over $2.5 billion of uninvested capital, which the company raised in 2022. BYJU’S has sued its lenders. In a complaint to the New York Supreme Court, the edtech firm has sought the disqualification of its lender Redwood, alleging that Redwood has engaged in a series of predatory tactics. According to BYJU’S, despite the terms of the $1.2-billion term loan B (TLB), Redwood—predominantly involved in distressed debt trading—acquired a substantial portion of the loan. The Bengaluru-headquartered firm also noted that the TLB lenders wrongfully enforced the acceleration of the loan based on alleged non-monetary and technical defaults. In other news, Rebel Foods distributed ESOPs to over 5,000 employees in over 350 kitchens and corporate offices, taking the total ESOP value held by its employees to $65 million (Rs 550 crore). Meanwhile, Walmart-owned PhonePe launched its account aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL) with a micro-app within the main PhonePe consumer app. Further reading: All you need to know about the account aggregator (AA) framework and how it works. ICYMI: Some breathtaking photos of the Milky Way galaxy, taken from the Earth. Last but not least, take a peek inside the world’s oldest surviving hotel, a traditional Japanese inn currently run by its 53rd General Manager who is a descendent of the hotel’s founder. Talk about keeping it in the family! In today’s newsletter, we will talk about Sequoia Capital has split into three units SaaS sector’s cautiously optimistic outlook India’s internet economy to reach $1T Here’s your trivia for today: Which Nintendo game marks Mario's debut? Investor India’s SaaS (Software-as-a-Service) industry is set to reach $26 billion in revenue by 2026, according to a report titled ‘India SaaSonomics: Navigating Growth and Efficiency’ by venture capital fund Chiratae Ventures and strategy consulting firm Zinnov. The report predicts a cautiously optimistic outlook for the Indian SaaS sector which turned out to be more resilient, showing less decline than the US and EU when it comes to Enterprise Value-to-Revenue (EV/R) multiples. The metric is a commonly used valuation metric comparing a company’s enterprise value to its revenues. Key takeaways: About 80% of the business-to-business (B2B) SaaS unicorns have been created in the last three years. Funding value fell by nearly 80% in Q1 2023 as compared to Q1 2022, driven by a significant decline in late-stage funding valuations. Overall, the number of deals in the SaaS sector increased by 30% in CY 2022 from CY 2021, while equity investments in the sector have grown steadily at a CAGR of nearly 47% from CY 2019 to CY 2022. Report India’s internet economy is expected to leapfrog from approximately $155-175 billion in 2022 to a trillion dollars by 2030, thanks to a fast-changing consumer landscape and strong investor confidence, a report has revealed. The internet economy, which currently contributes to 4-5% of India’s GDP, will make up about 12-13% by 2030, according to the report titled 'The e-Conomy of a Billion Indians,' jointly prepared by Google, Temasek, and Bain & Company. Image Source: Shutterstock Digital age: The key drivers of the growth in India’s internet economy, as identified by the report, are going to be: ecommerce, online travel, food delivery, and ride-hailing services, with B2C commerce accounting for 40% of the gross merchandise value. In the last year alone, 220 million individuals shopped online while 110 million people made purchases in online games. Healthtech and insurtech sectors are set to exhibit the strongest growth—to the tune of 9-15X growth—while SaaS will sustain the momentum of India's digital exports. News & updates Charges: The SEC sued Coinbase Global in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules. The regulator said that the crypto platform evaded regulations by letting users trade numerous crypto tokens that were actually unregistered securities. Build-up: The World Bank raised its 2023 global growth outlook as the US, China, and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit would take a bigger toll on next year's results. On trial: Portugal is the latest country to experiment with a four-day workweek, and businesses are getting assistance from the government. For the next six months, 39 private-sector businesses in the country will participate in a pilot program in partnership with 4 Day Week Global. Which Nintendo game marks Mario's debut? Answer: Donkey Kong (1981), as an unnamed character. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail [email protected] . If you don’t already get this newsletter in your inbox, sign up here . For past editions of the YourStory Buzz, you can check our Daily Capsule page here .

Peak XV Partners Investments

699 Investments

Peak XV Partners has made 699 investments. Their latest investment was in NewTrace as part of their Seed VC - II on May 5, 2023.

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Peak XV Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2023

Seed VC - II

NewTrace

$5.65M

Yes

3

5/23/2023

Seed VC

Gan

$5.25M

Yes

5

5/12/2023

Seed VC

Incore Semiconductors

$3M

Yes

4

5/4/2023

Seed VC

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$99M

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10

4/5/2023

Series A

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$99M

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10

Date

5/31/2023

5/23/2023

5/12/2023

5/4/2023

4/5/2023

Round

Seed VC - II

Seed VC

Seed VC

Seed VC

Series A

Company

NewTrace

Gan

Incore Semiconductors

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Amount

$5.65M

$5.25M

$3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

5

4

10

10

Peak XV Partners Portfolio Exits

77 Portfolio Exits

Peak XV Partners has 77 portfolio exits. Their latest portfolio exit was Bulbul on March 21, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/21/2023

Acquired

$99M

2

3/11/2023

Acquired

$99M

27

2/22/2023

Acquired

$99M

1

2/3/2023

Acquired

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$99M

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10

1/16/2023

Acquired

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$99M

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10

Date

3/21/2023

3/11/2023

2/22/2023

2/3/2023

1/16/2023

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

27

1

10

10

Peak XV Partners Acquisitions

1 Acquisition

Peak XV Partners acquired 1 company. Their latest acquisition was Faces Cosmetics on August 23, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/23/2017

$99M

Acq - Fin - II

8

Date

8/23/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin - II

Sources

8

Peak XV Partners Fund History

19 Fund Histories

Peak XV Partners has 19 funds, including Sequoia Capital India Growth Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/13/2022

Sequoia Capital India Growth Fund

$2,000M

2

3/25/2021

Sequoia Capital India Seed Fund II

$195M

3

7/6/2020

Sequoia Capital India Venture Fund VII

$525M

2

7/6/2020

Sequoia Capital India Growth Fund III

$99M

10

6/27/2019

Sequoia Capital India Seed Fund I

$99M

10

Closing Date

6/13/2022

3/25/2021

7/6/2020

7/6/2020

6/27/2019

Fund

Sequoia Capital India Growth Fund

Sequoia Capital India Seed Fund II

Sequoia Capital India Venture Fund VII

Sequoia Capital India Growth Fund III

Sequoia Capital India Seed Fund I

Fund Type

Status

Amount

$2,000M

$195M

$525M

$99M

$99M

Sources

2

3

2

10

10

Peak XV Partners Team

12 Team Members

Peak XV Partners has 12 team members, including , .

Name

Work History

Title

Status

K.P. Balaraj

WestBridge Capital, and Goldman Sachs

Founder

Current

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Name

K.P. Balaraj

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Work History

WestBridge Capital, and Goldman Sachs

Title

Founder

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Status

Current

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