Peak XV closes $1.3 billion across three funds

What they do

The firm raised its first independent money after separating from Sequoia Capital in 2023, spread over three separate investment vehicles

What happened

Two vehicles back seed and early-stage startups in India, while a third pool targets young companies across the wider Asia Pacific region

Why it matters

It also holds unspent capital in its existing growth fund, so it can back founders at several stages