New fund · Financial Services

Peak XV names 18 startups for Surge 12

By Startup Enthusiast · 29 September 2026

What they do

Peak XV Partners is a large venture capital firm, and Surge is its programme for backing very early startups

Its 12th Surge cohort has 18 startups working in AI, robotics, space, consumer goods, healthcare, music and fintech

Names include August AI, Hoola Health, Puralink, ULOOK and Tribe Money, while three of the startups are still in stealth

Peak XV Partners announced the 12th cohort of Surge, its seed-stage programme, on 29 September 2026.
The group has 18 startups, three of them not yet public.
Named members include Alma, August AI, Ditto, GameStock, Hoola Health, Kello and Kindling.
Others are Puralink, Reinforce Labs, Riffle, Rosella, Tribe Money, ULOOK and Wingit.
The cohort spans AI, robotics, space, consumer, healthcare, music and fintech.

August AI builds clinical tools for primary care, and Puralink makes robots for underground pipes.
ULOOK is building radio-sensing satellites, and Rosella an AI-first insurance broker.
Surge picks startups at the very earliest stage.

Peak XV is a venture capital firm (it invests money from big investors into young companies) that backs startups from seed to growth stage.
It puts money into companies in India, Southeast Asia and the US, with offices across India, Singapore, the US and the UAE.
It earns by taking a share of the profit when a company it backed is sold or listed, and by charging fees on the funds it manages.
It runs Surge, a seed-stage programme that gives early startups cash and mentoring; its newest group has 18 startups.
It manages over $10 billion in assets (2026) and raised $1.3 billion in new funds in February 2026.
Its portfolio includes Zomato, Razorpay, Meesho, CRED, OYO, Groww and Supabase.