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Peak XV invests in five early stage AI companies at Impact AI PitchFest

EntrackrEntrackr ยท 2h ago
Peak XV invests in five early stage AI companies at Impact AI PitchFest
Medial

Peak XV has invested in five early-stage AI companies at Impact AI PitchFest, held as part of the India AI Impact Summit 2026. The investments were announced at the Impact AI PitchFest, where founders presented to investors, operators, and ecosystem leaders during the India AI Impact Summit. The startups that secured funding are Companion Labs, Kello, Memfold AI, Round1, and Zoop. - Companion Labs aims to build interactive, entertainment-led AI experiences tailored for Indiaโ€™s vernacular and culturally diverse audiences. Co-founded by Akshay Jhanwar and Ajit Pol, it enables users to explore alternate lives, careers, and aspirations through AI-powered narratives. - Kello analyses real-world capability signals to move beyond traditional proxies such as pedigree or job titles, helping enterprises make better hiring decisions. It has mapped over 32 million professionals and is on track to map another 100 million in 2026. - Memfold AI, co-founded by Vinod Ganesan and Nischith Shadagopan, is building a new generation of AI-native workspaces designed to fundamentally change how knowledge work gets done. - Round1, co-founded by Saumil Tripathi, Shreeyash Dharmadhikari, and Jainam Talsania, works with leading Indian startups and conducts over 500 AI-led interviews per day, achieving a 90% qualification rate from the first to the second interview. - Zoop builds scalable AI agents around sellersโ€™ existing ways of operating, ranging from voice-based product cataloguing and personalised AI live coaching to social media, marketing, and operations agents.

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360 ONE Asset invests in Cybrillaโ€™s pre-Series A round

EntrackrEntrackr ยท 3m ago
360 ONE Asset invests in Cybrillaโ€™s pre-Series A round
Medial

360 ONE Asset invests in Cybrillaโ€™s pre-Series A round Technology infrastructure firm Cybrilla has raised an undisclosed pre-Series A funding round led by 360 One Asset along with Peak XV and Groww through its early-stage venture capital strategy. The proceeds will be used to expand the product roadmap, strengthen integrations with AMCs and distributors, and support operations. Cybrilla provides technology infrastructure for the wealth and asset management sector. The company works with more than 25 Asset Management Companies and supports asset managers, distributors, and wealth-tech platforms through its Wealth OS system. The platform helps launch and manage investment products and maintain regulatory compliance. 360 ONE Asset manages $6 billion in private markets, including $3.6 billion across its venture capital and private equity platform. The platform invests across different growth stages and supports companies from early development through pre-IPO.

Peak XV to launch perpetual โ€˜Anchor Fundโ€™ backed by its partners, team members

IndianStartupNewsIndianStartupNews ยท 1y ago
Peak XV to launch perpetual โ€˜Anchor Fundโ€™ backed by its partners, team members
Medial

Peak XV Partners, a venture capital firm, is introducing the Peak XV Anchor Fund, a permanent capital vehicle that allows the firm's leaders and team members to invest in future funds and collaborate with other fund managers. The fund aims to institutionalize internal funding and deepen the commitment and alignment of Peak XV managers with the firm's investment strategies. Unlike similar funds, the Anchor Fund will exclusively source its capital from the firm's partners and team members, with a focus on investing in global seed and early-stage venture funds. This move follows Peak XV's separation from Sequoia Capital and positions the firm as a major player in the startup ecosystem.

Peak XV slashes fund size, cuts fees on some growth funds

LivemintLivemint ยท 1y ago
Peak XV slashes fund size, cuts fees on some growth funds
Medial

- Peak XV Partners, formerly part of Sequoia Capital, plans to reduce its $2.85 billion growth fund by 16%, or $465 million, in a move to take a more measured approach to investments. - The growth fund, raised in 2022, will now hold approximately $2.39 billion. - Peak XV will tie part of its carried interest to the distribution of profits in its growth and multi-stage funds, while seed and venture fund economics will remain unchanged. - The decision reflects the lack of high-quality investment opportunities in the current market, particularly from companies that raised capital at inflated valuations during the pandemic. - Peak XV is also reducing its management fees to 2% on three growth and four multi-stage funds, and cutting its carried interest to 20% to better align with the interests of its founders and limited partners.

โ€˜We are defined by the choices we makeโ€ฆโ€™: Peak XV downsizes growth fund in India by 16%

Business TodayBusiness Today ยท 1y ago
โ€˜We are defined by the choices we makeโ€ฆโ€™: Peak XV downsizes growth fund in India by 16%
Medial

- Peak XV Partners, formerly known as Sequoia Capital India, is downsizing its fund in India by 16% after achieving $1 billion in exits this year. - Despite the downsizing, Peak XV remains strongly committed to investing in India and South East Asia. - The venture capital firm is making strategic changes to better serve its multi-decade time horizon. - Peak XV is focusing on measured investments in its growth fund while maintaining its support for seed and venture stage opportunities. - The decision to downsize is intended to benefit the founders and limited partners in the long term. - Peak XV has a successful track record, managing over $9 billion in capital and investing in more than 400 companies across various sectors.

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