Ex-Sequoia Capital India Arm Raises $1.3 Billion After Investor Departures

Peak XV Partners has raised $1.3 billion across three new funds, as the venture capital firm looks to invest in artificial intelligence and consumer startups across India and South East Asia.

Peak XV will mostly invest the money in India, the firm’s managing director Shailendra Singh, told Bloomberg News on Friday. The company still has significant dry powder from its growth fund, he said.