SEQUOIA INDIA & SOUTHEAST ASIA REBRANDS TO PEAK XV PARTNERS

KUALA LUMPUR, June 7 (Bernama) -- Sequoia India & Southeast Asia, the largest venture capital firm in the region which manages over US$9.2 billion across 13 funds, will now be known as Peak XV Partners globally. (US$1=RM4.60)

According to a statement, the rebranding has come after Sequoia Capital (United States/Europe), Sequoia China and Sequoia India & Southeast Asia have decided to become independent firms with distinct brands.

“It is 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,” said Peak XV Partners Managing Director, Shailendra Singh.

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.

This has led the leaders of each business to collectively decide to move to fully independent partnerships with distinct brands, in order to serve founders and Limited Partners in the best manner.

Peak XV was the original name given to Mount Everest and symbolises the relentless pursuit of audacious goals by founders.

Peak XV Partners will continue to invest across stages (seed, venture, growth) and sectors like  software-as-a-service (SaaS), artificial intelligence, developer tools, cyber security, cloud infrastructure, climate tech, fintech, healthtech and consumer.

The firm will further strengthen its unique and industry-leading programmes like Surge and Spark that have been very well received by founders, and remains committed to help audacious founders build iconic companies that can be regional and global category leaders.

-- BERNAMA