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Peak XV Partners (formerly Sequoia India) Team
Elite investment firm Sequoia India & Southeast Asia (SEA) has rebranded its name to Peak XV Partners. As part of the development, The firm will now act as a fully independent firm.
According to the statement, Peak XV refers to the original name of Mount Everest, symbolizing the pursuit of audacious goals and overcoming challenges.
“We are excited to share that Sequoia India & Southeast Asia (SEA) will rebrand to Peak XV Partners and will operate as a fully independent firm. Our new name, Peak XV was the original name given to Mount Everest,” said Shailendra Singh on behalf of Peak XV Partners.
The development comes after a series of governance-related concerns surfaced in various portfolio companies, such as BharatPe, Zilingo, and GoMechanic, over the past year.
Sequoia said the leadership team will not change, and it will continue investing from its recently raised funds focused on India and SEA. Sequoia Capital (US/Europe), Sequoia China, and Sequoia India/SEA will also operate as a separate entities with independent investment decision-making.
The decision to separate the VC funds aligns with the growing geopolitical tensions between China and the United States.
Since its inception, Sequoia India & SEA has raised $9.2 billion across 13 funds, investing in over 400 startups in the region. With over 50 companies reaching a valuation of $1 billion or more, 19 IPOs, and successful M&A events, the firm has achieved $4.5 billion in realized exits.
The investment team, led by 11 Managing Directors with an average tenure of over 12 years, will continue to drive the firm's success, the firm said.
With $2.5 billion uninvested capital, Peak XV Partners will focus on sectors such as SaaS, AI, developer tools, cybersecurity, cloud infrastructure, fintech, climate tech, healthtech, and consumer. The firm will also prioritize startup programs like Surge and Spark.
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