In its first main capital elevate since separating from Sequoia Capital in 2023, Peak XV Companions has introduced it has secured $1.3 billion in commitments throughout three new funds, India Seed, India Enterprise and an APAC-focused automobile, sharpening its give attention to AI, fintech and cross-border alternatives.

The agency, which now manages greater than $10 billion in belongings, stated a majority of the newly raised capital is earmarked for India.

The pool will probably be deployed over the subsequent two to a few years throughout seed and venture-stage investments, with further allocations to Asia-Pacific markets.

The three autos mark Peak XV’s first unbiased funds after its cut up from Sequoia Capital, a transfer that made Peak XV the standalone India and Southeast Asia partnership as Sequoia reorganised into individually branded, unbiased regional companies.

On the time of the separation, Peak XV inherited belongings value $9.2 billion throughout 13 funds and $2.5 billion in dry powder. The agency stated that current uninvested capital in its Development fund will complement the brand new commitments.

“Together with important uninvested capital in our current Development fund, we’re enthusiastic about our capacity to again outlier founders constructing class defining corporations, throughout a number of levels, as we’ve performed for 20 years,” the agency stated in an announcement shared on X and LinkedIn.

Peak XV didn’t disclose the names of its restricted companions however stated lots of the traders backing the brand new funds are main non-profit endowments and foundations. The agency expects to put in writing seed cheques of as much as about $5 million, and enterprise cheques sometimes within the $5 million to $15 million vary, with some investments going as much as about $20 million.

The announcement comes as New Delhi hosts the AI Affect Summit, drawing world expertise leaders together with OpenAI, Anthropic and Google.

On the identical occasion, Common Catalyst outlined plans to take a position $5 billion in India over the subsequent 5 years, sharply rising its earlier dedication to the market.

Peak XV at the moment counts greater than 450 portfolio corporations throughout fintech, software program and client web, spanning seed to development levels.