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Peak XV launches Spark 03 cohort with 14 startups, including 16 female founders

Economic TimesEconomic Times · 1y ago
Peak XV launches Spark 03 cohort with 14 startups, including 16 female founders
Medial

Peak XV, formerly known as Sequoia Capital India, has announced the launch of its new startup cohort, Spark 03, comprising 14 companies, 16 of which are led by female founders. The cohort includes a focus on Artificial Intelligence (AI) and healthtech, with four companies in each category. The remaining companies are involved in SaaS, consumer and B2B platforms. Spark has had three cohorts to date, covering 48 founders and 41 startups across various sectors. The AI companies within the cohort include RaptorX.ai, FOBOH, Traverse, and Wordsworth AI, while healthtech solutions are represented by BabyMD, Soulside, Evenly, and another currently operating in stealth. Other companies include Profit Peak, Fix My Curls, Meritic, and Melvvi.

‘We are defined by the choices we make…’: Peak XV downsizes growth fund in India by 16%

Business TodayBusiness Today · 10m ago
‘We are defined by the choices we make…’: 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.

Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr · 5m ago
Shraeyansh Thakur resigns from Peak XV after a decade
Medial

Shraeyansh Thakur resigns from Peak XV after a decade During his tenure at Peak XV, he was board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, among others. Shraeyansh Thakur, an investor at Peak XV Partners, has resigned after nearly 10 years at the venture capital firm, sources told Entrackr. This marks the fifth high-profile exit from Peak XV in the past year. “Shraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,” said one of the sources requesting anonymity. Queries sent to Peak XV and Thakur did not elicit any response until publication of the story. "After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post. Last month, Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand, stepped down after serving for more than a decade. Prior to that, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after over 11 years at the firm, while Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has returned to Peak XV Partners after his three-and-a-half-year-old venture shut down. In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategic shift towards investing in a more measured manner amid elevated valuations in the Indian market. This development came a year after Sequoia Capital rebranded as Peak XV.

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