BusinessWire India
New Delhi [India], June 6: Sequoia India & Southeast Asia, the largest venture capital firm in the region which manages over USD 9.2 billion across 13 funds, will now be known as Peak XV Partners* globally. The rebranding has come after Sequoia Capital (US/Europe), Sequoia China and Sequoia India & Southeast Asia have decided to become independent firms with distinct brands. Peak XV was the original name given to Mount Everest and symbolises the relentless pursuit of audacious goals by founders.
Shailendra Singh, Managing Director, Peak XV Partners said, "It's a new beginning for us as Peak XV Partners, but unlike most beginnings, this is an opportunity for us to build on top of the foundation laid over the last 17 years. Our firm will continue to be managed by the present leadership team and will continue to invest from the most recently raised set of funds focused on India and Southeast Asia."
Since inception, Sequoia Capital (US/Europe), Sequoia China and Sequoia India/SEA have been built as separate businesses with independent investment decision making. Over the years, the strategies for each business have diverged and the scale and market leadership across different geographies has started to result in brand confusion and portfolio conflict. This has led the leaders of each business to collectively decide to move to fully independent partnerships with distinct brands, in order to serve founders and Limited Partners in the best manner.
"We are seeing companies emerge from every region with global ambitions. The flexibility that comes with the new structure will open up an unbounded global opportunity and help create more value for our founders and LPs," Singh said.
Over the last 17 years, Sequoia India & SEA has raised 13 funds, invested in over 400 startups, with 50+ companies valued at USD 1 billion and above. The portfolio has seen 19 IPOs and multiple successful M&As resulting in USD 4.5 billion of realized exits so far. The investment team is led by 11 Managing Directors with an average tenure of over 12 years at the firm.
Peak XV Partners will continue to invest across stages (seed, venture, growth) and sectors like SaaS, AI, developer tools, cyber security, cloud infrastructure, climate tech, fintech, healthtech and consumer. The firm will further strengthen its unique and industry-leading programs like Surge and Spark that have been very well received by founders.
The firm remains committed as ever to help audacious founders build iconic companies that can be regional and global category leaders.
*Pronounced Peak Fifteen
(Disclaimer: The above press release has been provided by BusinessWire India.will not be responsible in any way for the content of the same)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor