Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split

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Peak XV Partners, the rebranded entity that split from Silicon Valley’s marquee venture capital firm Sequoia Capital two years ago, is set to raise its first independent fund with a target corpus of $1.2-1.4 billion, said three people familiar with the matter.

The fresh capital being racked up will focus on investing in early-stage ventures across India and Southeast Asia, according to these people, who spoke on the condition of anonymity as the talks are private. Peak XV, which has backed the likes of Zomato, Cred and Groww, also makes larger…



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Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split


Peak XV Partners, the rebranded entity that split from Silicon Valley’s marquee venture capital firm Sequoia Capital two years ago, is set to raise its first independent fund with a target corpus of $1.2-1.4 billion, said three people familiar with the matter.

The fresh capital being racked up will focus on investing in early-stage ventures across India and Southeast Asia, according to these people, who spoke on the condition of anonymity as the talks are private. Peak XV, which has backed the likes of Zomato, Cred and Groww, also makes larger…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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