Asia-Pacific Private Equity & Growth · Private Equity, VC & Investor
Peak XV Partners
Venture and growth investor focused on Asian startups.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- Peak XV Partners
- Entity type
- COMPANY
- Company size
- 50–200
- Market cluster / sector
- Asia-Pacific Private Equity & Growth
- Market role
- Private Equity, VC & Investor
- Official website
- peakxv.com
What Peak XV Partners does
Peak XV Partners manages private investment funds that back startups and growth-stage companies. It raises capital from LPs, sources and supports portfolio companies, and aims to generate returns through equity value appreciation and exits. The business creates value through capital allocation, founder access, regional market knowledge, and portfolio support.
Category differentiation
This is a venture capital and growth investment firm, not an operating software vendor or advertising platform. It should be distinguished from its former Sequoia Capital India & SEA branding and from unrelated firms using 'Peak' in their names.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
Peak XV Partners is a private venture capital and growth investing firm. It operates as an independent investment manager following its rebrand from Sequoia Capital India & SEA, and it invests in startups across Asia, with especially clear ties to India and South-East Asia. The firm creates value by raising investment funds from limited partners and deploying that capital into high-growth private companies. Its customers are primarily founders and startup management teams seeking venture or growth capital, while its economic counterparties also include LPs that commit capital to Peak XV-managed funds.
Company news briefing
Briefing updated:
Peak XV Partners has advanced its focus on agentic AI and developer infrastructure by leading Blacksmith's $45 million Series B and backing Ringg's voice AI expansion, while also securing a strategic exit through Adobe's acquisition of marketing intelligence startup Rilo. In parallel, the firm increased its Surge seed platform investment ceiling to $5 million, deploying capital into an 18-startup cohort, and participated in Wispr's $280 million Series B round.
Business model & monetisation
The firm primarily monetises through a standard venture capital model: recurring management fees on assets under management and performance-based carried interest on realised investment gains. Its recent fundraise indicates continued fee-bearing capital formation as a core commercial mechanism.
- Fund management fees
- Recurring fees on committed or managed capital
- Carried interest
- Performance share of realised investment gains
- Other fund-related income
- Ancillary investment or advisory-related receipts
Products & capabilities
No products with linked sources are available in this view.
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Recent recorded signals
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Peak XV Raises Surge Seed Ceiling to $5M, Unveils 18-Startup Cohort
Venture Capital / Startup Funding · Recorded impact score: 2/5
Peak XV Partners, a major VC firm with over $10 billion in assets under management, has increased the maximum investment per startup through its Surge seed platform from $3 million to $5 million. The firm announced its 12th cohort, Surge 12, comprising 18 startups, with more than $50 million invested across the cohort. The startups span sectors including AI, robotics, space, healthcare, fintech, and more, with founders from diverse backgrounds. Notable startups include August AI, Ditto, and ULOOK. Peak XV notes that the bar for Series A funding has increased significantly, and they are seeing more capital-intensive startups, especially in deeptech. Surge has backed over 180 startups since 2019, and the top 10 companies from previous cohorts generate over $1 billion in combined annual revenue.
- Peak XV increased Surge's investment ceiling from $3M to $5M per startup.
- Surge 12 cohort includes 18 startups with over $50M invested by Peak XV.
India's Ringg raises $10M to expand voice AI
Conversational AI & Voice Agents · Recorded impact score: 3/5
Ringg, an Indian voice AI startup that processes about 20 million call attempts per month, raised $10 million from Peak XV Partners as an extension of its Series A, bringing the round total to $15.5 million after an earlier $5.5 million raise. Founded as text-to-speech startup DesiVocal, Ringg shifted to building voice AI agents and orchestration for enterprise workflows and counts customers including Cred, Flipkart, Practo, Groww, PolicyBazaar and Shell. Its voice agent runs across 1,200 clinics for Practo. The company is expanding beyond voice into chat and WhatsApp, builds its own speech models while operating primarily as an orchestration layer, and currently has about 40 employees with recent hiring for engineering and research roles.
- Ringg raised $10 million from Peak XV Partners as an extension of its Series A.
- Ringg previously raised $5.5 million earlier in 2026, bringing the Series A total to $15.5 million.
Blacksmith valuation rises 10x to $550M after $45M Series B
Funding · Recorded impact score: 3/5
Blacksmith, an AI code-testing startup founded in 2024, raised $45 million in a Series B led by Peak XV Partners at a $550 million valuation, up from a $60 million valuation at a $10 million Series A less than a year earlier. Existing investors GV and Y Combinator participated, bringing total funding to $58.5 million. Blacksmith says it now serves more than 5,000 customers (including Mercury, Supabase, Clerk, Ashby, and Expensify) and has grown from roughly 10 employees and a $10 million annualized run rate to about 30 employees and "tens of millions" in revenue, with some customers spending over $1 million annually. The company started as a cloud CI provider and expanded its platform with an AI coding agent called Codesmith. Management plans to broaden its suite of coding tools amid competition from major cloud providers and developer tooling companies.
- Blacksmith raised $45 million in a Series B led by Peak XV Partners, valuing the company at $550 million.
- The $550 million valuation is up from a $60 million valuation at a $10 million Series A less than a year earlier.
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Questions about Peak XV Partners
What is Peak XV Partners?
Peak XV Partners is a private venture capital and growth investing firm that backs startups across Asia.
Who uses Peak XV Partners?
Startup founders and management teams seeking investment use the firm, while LPs commit capital to its funds.
How does Peak XV Partners make money?
It primarily earns management fees on investment funds and carried interest on successful exits.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
10 publicly documented primary sources and citations linked across the market graph.
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