We are excited to share that Sequoia India & Southeast Asia (SEA) will rebrand to Peak XV Partners and will operate as a fully independent firm. Our new name, Peak XV, was the original name given to Mount Everest. To us, it signifies the relentless pursuit of audacious goals by our founders, while overcoming challenges along the way. It’s a new beginning for us as Peak XV, 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 SEA.

Since inception, Sequoia Capital (US/Europe), Sequoia China and Sequoia India/SEA have been built as separate businesses with independent investment decision making. Over the years, the strategies for each business have diverged and our scale and market leadership across different geographies has started to result in brand confusion and portfolio conflict. This has led the leaders of each business to collectively decide to move to fully independent partnerships with distinct brands, in order to serve our founders and Limited Partners in the best manner. 

Sequoia is one of the greatest institutions in the investing business. It has been an immense honor and privilege for us to work and learn alongside our global colleagues over the years. Sequoia India & SEA has raised USD 9.2 billion across 13 funds, invested in over 400 start-ups in the region. We have seen over 50 companies cross USD 1 billion in value already, celebrated 19 IPOs and multiple successful M&A events, resulting in USD 4.5 billion of realized exits so far. Our investment team is led by 11 Managing Directors with an average tenure of over 12 years at our firm. 

As Peak XV, we are excited to have USD 2.5 billion of uninvested capital to continue our mission of supporting outlier founders and doubling down in our region and beyond. In terms of strategy, we will continue to focus on all of our existing sectors, including SaaS, AI, developer tools, cyber security, cloud infrastructure, fintech, climate tech, healthtech and consumer. We will double down on our startup programs like Surge and Spark that are loved by founders. We are huge believers in the future of India & SEA and the potential of founders in this region. 

To all our founders, we continue to cherish and be grateful for your partnership; there will be no change in the way we engage and manage all of our portfolio relationships. You can continue to say you are backed by Sequoia Capital India or Sequoia Capital SEA as the case may be. As before, we will do everything in our power to help you succeed. Our 60+ operating team members across 5 offices, who work with you in Human Capital, Marketing, Strategic Development, Finance, Policy, and Legal will continue to do their best to help you in achieving your goals. You will find us switched on and ready to serve.

To our Limited Partners, we are extremely grateful for your support and remain deeply committed to protecting and growing your economic interest in our funds. We will separately share updates on our business and our plans going forward.

Over the next few weeks, we will be hosting multiple founder, Limited Partner and ecosystem centric interactions. We look forward to deepening our partnerships over the years and decades ahead. And in the meantime, please continue to send our way, bold and ambitious founders who are determined to make a dent in the world. 

(on behalf of Peak XV Partners)