Summary of Peak XV has reaped $1.2B in the year since it split from Sequoia | TechCrunch

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    Peak XV's Exits and Growth in India

    Peak XV Partners, formerly known as Sequoia India and Southeast Asia, has achieved significant success in the Indian venture capital landscape. The firm has realized over $1.2 billion in exits since its separation from Sequoia last year.

    • These exits include successful IPOs of companies like Zomato, Mamaearth, and Truecaller, as well as secondary transactions and mergers & acquisitions.

    India's Booming IPO Market

    The flourishing Indian stock market is driving a surge in IPOs, with Indian companies raising approximately $9 billion through IPOs this year. This surge is occurring even as the IPO market remains subdued in the United States and other global markets.

    • Peak XV has played a pivotal role in facilitating these IPOs, with 15 of its portfolio companies going public since 2020.

    Peak XV's Dominance in India and Southeast Asia

    Peak XV's aggressive investment approach and its large scale have made it a dominant force in India and Southeast Asia. The firm's Surge program, which provides favorable terms and resources to early-stage startups, has become a popular launchpad for young companies in the region.

    • The program has helped propel Peak XV to the forefront of the venture capital scene in India and Southeast Asia.

    Peak XV's Focus Beyond India and Southeast Asia

    Despite its focus on India and Southeast Asia, Peak XV has expanded its reach to other regions. The firm has broadened its investment scope and also expanded its team to the United States.

    • This global expansion reflects Peak XV's ambition to become a major player in the global venture capital market.

    Peak XV's Confidence in India and Southeast Asia

    Peak XV's launch of a perpetual fund backed by its own partners demonstrates its confidence in the long-term potential of India and Southeast Asia. This fund signals a commitment to continued investment in the region.

    • The fund's success will be crucial for Peak XV's future and its ability to continue its growth trajectory.

    Peak XV's Portfolio of Companies

    Peak XV's portfolio includes over 400 companies, with more than 50 unicorns and nearly 40 companies generating annual revenue exceeding $100 million.

    • This diverse portfolio reflects Peak XV's strategic investment approach and its ability to identify and support high-growth companies.

    The Future of Peak XV

    Peak XV is poised to continue its strong performance in the coming years, fueled by the robust growth of the Indian and Southeast Asian economies. The firm's experience, resources, and focus on innovation position it well to capitalize on the region's enormous potential.

    • Peak XV's commitment to India and Southeast Asia, combined with its global reach, make it a key player in the future of venture capital.

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