Sequoia India and SEA Rebrands as Peak XV Partners Following Three-Way Splitby Fintech News Singapore June 7, 2023
Sequoia Capital (US/Europe), Sequoia China as well as Sequoia India and Southeast Asia have decided to become independent firms with distinct brands.
Since inception, Sequoia Capital (US/Europe), Sequoia China and Sequoia India/SEA have been built as separate businesses with independent investment decision making, they said in a press statement
Over the years, the strategies for each business have diverged and the scale and market leadership across different geographies has started to result in brand confusion and portfolio conflict.
Moving forward, Sequoia India and Southeast Asia will now be known as Peak XV Partners (pronounced Peak Fifteen).
Over the last 17 years, Sequoia India and SEA, which manages over US$9.2 billion across 13 funds, has invested in over 400 startups with 50+ companies valued at US$1 billion and above.
The portfolio has seen 19 IPOs and multiple successful M&As resulting in US$4.5 billion of realized exits so far. The investment team is led by 11 Managing Directors with an average tenure of over 12 years at the firm.
Peak XV Partners will continue to invest across stages (seed, venture, growth) and sectors like SaaS, AI, developer tools, cyber security, cloud infrastructure, climate tech, fintech, healthtech and consumer. The firm will further strengthen its Surge and Spark programmes as well.
Shailendra Singh, Managing Director, Peak XV Partners said,
“It’s a new beginning for us as Peak XV Partners, but unlike most beginnings, this is an opportunity for us to build on top of the foundation laid over the last 17 years. Our firm will continue to be managed by the present leadership team and will continue to invest from the most recently raised set of funds focused on India and Southeast Asia.
We are seeing companies emerge from every region with global ambitions. The flexibility that comes with the new structure will open up an unbounded global opportunity and help create more value for our founders and LPs.