Sequoia Capital Rebrands as Peak XV Partners for India and Southeast Asia

• ByStartupStory     |    June 7, 2023

Silicon Valley venture capital firm, Sequoia Capital, has announced its decision to split into three distinct entities, each concentrating on specific markets: the US and Europe, China, and India and Southeast Asia. As part of this restructuring, Sequoia India and Southeast Asia will now operate under the new name, Peak XV Partners.

Sequoia Capital, the renowned venture capital firm, has unveiled its plans to split into three separate entities: Sequoia Capital, focusing on the US and Europe; HongSham, dedicated to China; and Peak XV Partners, led by Shailendra Singh, for India and Southeast Asia. Roelof Botha, Neil Shen, and Shailendra Singh will spearhead the respective firms. The firm aims to complete the full separation by March 2024.

“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.

Peak XV Partners, formerly known as Sequoia Capital India, emerges as a leading venture capital firm in India and Southeast Asia, backing over 400 startups in its portfolio. With a track record of more than 50 companies achieving a valuation of $1 billion or more, the firm has witnessed notable success, including 19 IPOs and several successful M&A events, according to the VC firm.

Sequoia Capital will continue its management of $9.2 billion distributed among 13 funds, while also directing investments in India and the Southeast Asia (SEA) region using the $2.5 billion un-invested capital held by Peak XV Partners. As in the past, Peak XV will remain sector-agnostic and will pursue investments across various sectors, including SaaS, AI, developer tools, cybersecurity, cloud infrastructure, fintech, climate tech, healthtech, and consumer internet.

In addition to its venture capital initiatives, Sequoia Capital will enhance its focus on startup programs such as Surge and Spark. Surge, launched in 2019, plays a pivotal role in facilitating capital raising for participating startups in India and Southeast Asia. With the recent inclusion of its eighth cohort, the Surge community now boasts a remarkable network of over 300 founders and 130 startups spanning across 16 industries.

Follow Startup Story