economy

February 20, 2026

Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up

Peak XV says most of its new capital will target India as the firm prioritizes AI, fintech and cross-border bets while navigating recent partner departures.

Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up

TL;DR

  • Peak XV announced a $1.3 billion fundraise for new India and Asia-focused funds.
  • The firm now manages over $10 billion in assets.
  • The capital will be deployed across India seed, venture, and APAC funds, with a majority earmarked for India.
  • Peak XV split from Sequoia Capital in 2023 to separate its India-focused portfolio.
  • The firm plans to prioritize AI, fintech, and cross-border bets.
  • Peak XV has over 450 portfolio companies across various sectors.
  • The fundraise occurs as New Delhi hosts the AI Impact Summit, with other firms like General Catalyst announcing significant investments in India.
  • Peak XV aims for strong returns rather than maximizing assets under management.
  • The firm is selective in the U.S. market, focusing on areas where its experience provides an edge.
  • The fundraise follows recent leadership changes, though the firm retains experienced managing partners.
  • Peak XV has returned over $7 billion in cash to investors since inception.
  • The firm's prior fund was $2.85 billion in late 2021, later reduced to $2.4 billion.

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