Peak XV announced three new funds of $1.3 Bn for founders in India, Asia Pacific

Peak XV has declared that its India Seed, India Venture, and APAC funds have closed $1.3 billion in new capital commitments.

Peak XV continues to work with outstanding founders to create category-defining businesses throughout India, APAC, and beyond, from the very beginning through initial public offering (IPO) and long-term scale, the company said in a statement last Friday. This is in addition to the substantial uninvested capital in the firm’s current Growth fund.

With these new investments, Peak XV will carry on its two-decade mission of supporting entrepreneurs who create businesses that transform markets and provide large-scale customer service.

This milestone highlights long-term faith in the founder ecosystem in the area and reflects the ongoing conviction of Peak XV’s global Limited Partners, many of whom are prominent endowments and foundations.

“We are immensely grateful for the steadfast commitment from our Limited Partners,

“We recognize that every fundraise represents a responsibility to both our LPs and to the founder ecosystem, and we remain deeply committed to serving them,” said Shailendra Singh, Managing Director, Peak XV.

As with previous funds, the team at Peak XV continues to be one of the biggest investors in its own funds, strengthening its long-term ties to the Limited Partners and founders.

Peak XV will increase its investments in cutting-edge fields like DeepTech while maintaining its focus on its core industries of artificial intelligence (AI), FinTech, and consumer.

“This is an extraordinary time for technology innovation across India and APAC. The scale of opportunity, depth of talent, and growing global ambition among founders makes this one of the most exciting periods we have seen,

“We are here to partner with founders who combine vision, resilience and execution as they build enduring companies,” Singh added.