Peak XV Partners has become the latest venture capital firm to stock up on dry powder, closing $1.3 billion in capital commitments to invest across its India Seed, India Venture, and APAC funds. This also marks the VC firm’s—one of the largest in India—maiden fund post its split from Sequoia Capital back in 2023. According to a post on X on Friday, the firm will dip into “significant” uninvested capital from its existing growth fund and make investments. It also noted that most of its limited partners (LPs) are non-profit endowments and foundations. Peak XV, like other VC firms, have commented on the optimism around artificial intelligence (AI) startups, having made a series of recent bets in the space, including Y Combinator-backed PostHog and Hyperbound. Also ReadAshish Agrawal, Ishaan Mittal, Tejeshwi Sharma leave PeakXV to set up own VC firm“AI is transforming the world at an unprecedented pace, and while the initial breakthroughs were concentrated in Silicon Valley, AI opportunities are now abundant in India and APAC. The size, scale and sophistication of technology startups is deeply inspiring across both India and APAC,” the post read, hinting at the firm doubling down on investments in the sector, along with fintech… Read MoreYourStory RSS Feed
