Asia-Based Venture Capital Firm $9 Billion Peak XV Partners Launches 11th Cohort of Rapid-Scale-Up Program for Early-Stage Founders Surge (Surge 11) with 23 Companies (12 AI Startups, 4 Fintech, 4 Consumer Brands, 3 Infrastructure & Developer Tools), Surge Provides Up to $3 Million of Seed Capital Supported with Workshops, Community & Global Curriculum, Surge Launched in 2019 Has 170+ Startups & 400+ Founders Raising Over $3 Billion in Follow-on Funding & Top 10 Companies Generating Over $1 Billion Revenue
27th September | Hong Kong
Asia venture capital firm Peak XV Partners (Previously Sequoia Capital India & SEA) with $9 billion AUM has launched the 11th cohort of rapid-scale-up program for early-stage founders Surge (Surge 11) with 23 companies (12 AI startups, 4 fintech, 4 consumer brands, 3 infrastructure & developer tools), with Surge providing up to $3 million of seed capital supported with workshops, community & global curriculum. Surge launched in 2019 has 170+ startups & 400+ founders, raising over $3 billion in follow-on funding & with the top 10 companies generating over $1 billion in revenue. Announcement (25/9/25): “Peak XV today announces the launch of Surge 11, bringing together 23 pioneering companies that are reimagining the future for consumers, developers, and enterprises across India, APAC, and global markets. Surge’s eleventh cohort includes 12 AI startups building across vertical, enterprise, and consumer AI. Alongside them are 4 fintech innovators, 4 consumer brands, and 3 infrastructure and dev tools companies. Since its inception in 2019, Surge has become one of the most impactful early-stage platforms globally. Surge companies have raised over $3 billion in follow-on funding, with the top ten startups generating more than $1 billion in cumulative annual revenues. The Surge community has now grown to 170+ startups and 400+ founders, spanning 17+ nationalities and 18+ sectors. Surge combines seed capital with unmatched global access, bringing hands-on guidance from Peak XV’s investment and operating teams alongside structured programming focused on product, engineering, sales, marketing, culture, fundraising and other key foundational elements of building enduring companies … … One element of Surge is the founder immersion where founders learn directly from some of the most influential builders across our region and globally. Some of our speakers and mentors in previous cohorts include Sanjeev Bikhchandani of Info Edge; Harshil Mathur of Razorpay; Vidit Aatrey of Meesho; Amrish Rau of Pinelabs; Kunal Shah of CRED, Gokul Rajaram; Arvind Jain of Glean, and Aman Sanger of Cursor. The founder immersion for Surge 11 culminates in the US where founders engage directly with global leaders in technology. Previous immersions have included Sam Altman at Open AI HQ, Jensen Huang at NVIDIA HQ, and operators including Carl Eschenbach, CEO of Workday, and Sridhar Ramaswamy, CEO of Snowflake. Past Surge founders also lead sessions for current founders, including Prukalpa Sankar of Atlan; Sagar Khatri of Multiplier; Bahadir Ozdemir of Airalo; Dhvanil Sheth of Skillmatics; Mohit Yadav of Minimalist; Sanket Shah of InVideo and Asad Khan of LambdaTest. Surge also continues to bring in world-class investors to guide founders on scaling and fundraising, including Doug Leone of Sequoia Capital, Vinod Khosla of Khosla Ventures, and Chetan Puttagunta of Benchmark.” In 2025 April, Peak XV Partners (Previously Sequoia Capital) with $9 billion AUM was reported to be raising $1.2 billion to $1.4 billion in 1st fund launch since 2024 split into 3 entities with Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. In 2023, top venture capital firm Sequoia Capital ($85 billion AUM) announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XV Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe. Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital and growth investing firm investing across India, Southeast Asia and beyond. Our new name, Peak XV (pronounced Peak Fifteen) was the name used for Mount Everest before it was called that. To us, it signifies the relentless pursuit of greatness by our founders, in spite of challenges along the way. It embodies everything we believe about building long-lasting businesses that stand tall and inspire greatness. Over the last 17 years of our operations in the region, Peak XV has grown to manage over USD 9 billion in capital across 13 funds and invested in over 400 companies, of which ~ 40 companies have achieved revenues of over $100MM. Our team of professionals work across 5 offices – Bangalore, Mumbai, Delhi, Singapore and Dubai and span 14 nationalities.
” $Asia-Based Venture Capital Firm $9 Billion Peak XV Partners Launches 11th Cohort of Rapid-Scale-Up Program for Early-Stage Founders Surge (Surge 11) with 23 Companies (12 AI Startups, 4 Fintech, 4 Consumer Brands, 3 Infrastructure & Developer Tools), Surge Provides Up to $3 Million of Seed Capital Supported with Workshops, Community & Global Curriculum, Surge Launched in 2019 Has 170+ Startups & 400+ Founders Raising Over $3 Billion in Follow-on Funding & Top 10 Companies Generating Over $1 Billion Revenue “
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Rajan Anandan, Managing Director, Peak XV and Surge: “At Surge, we believe the seed stage is where the magic begins, and Surge 11 reflects the extraordinary entrepreneurial energy across our region. AI is leading the charge, not just in enterprise applications but by beginning to transform traditional industries from banking and healthcare, to semiconductors and manufacturing. We are also seeing the emergence of new consumer AI companies which is incredibly exciting. But AI is not the full story – we are now seeing the next wave of fintech companies and exciting new consumer companies in India and our region. This cohort truly offers a glimpse of the future.”
Surge – Surge is Peak XV Partners’ rapid-scale-up program for early-stage founders. The program combines up to USD 3 million of seed capital with company-building workshops, community access, and a global curriculum delivered by world-class operators. Surge’s mission is to help founders lay the foundation for enduring companies from day one.
Peak XV – Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital firm investing across India, Southeast Asia and beyond. Over the last 19 years of operations in the region, Peak XV has grown to manage approximately USD 9 billion in capital across 13 funds and invested in over 400 companies. The portfolio has seen 31 IPOs and several successful M&As till date.
$9 Billion Peak XV Partners (Previously Sequoia Capital) to Raise $1.2 billion to $1.4 billion in 1st Fund Launch Since 2024 Split into 3 Entities with Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia, Sequoia Capital Managed $85 Billion AUM in 2022
28th April 2025 – Peak XV Partners (Previously Sequoia Capital) with $9 billion AUM has been reported to be raising $1.2 billion to $1.4 billion in 1st fund launch since 2024 split into 3 entities with Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. In 2023, top venture capital firm Sequoia Capital ($85 billion AUM) has announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XV Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe. Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital and growth investing firm investing across India, Southeast Asia and beyond. Our new name, Peak XV (pronounced Peak Fifteen) was the name used for Mount Everest before it was called that. To us, it signifies the relentless pursuit of greatness by our founders, in spite of challenges along the way. It embodies everything we believe about building long-lasting businesses that stand tall and inspire greatness. Over the last 17 years of our operations in the region, Peak XV has grown to manage over USD 9 billion in capital across 13 funds and invested in over 400 companies, of which ~ 40 companies have achieved revenues of over $100MM. Our team of professionals work across 5 offices – Bangalore, Mumbai, Delhi, Singapore and Dubai and span 14 nationalities.
Top $85 Billion Venture Capital Sequoia Capital to Split into 3 Entities by 2024 March, Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia
6th June 2023 – Top venture capital firm Sequoia Capital ($85 billion AUM, Assets under Management) has announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XV Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe.
Peak XV Partners: “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.
Sequoia Capital History
Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe.
In 1972, when Don Valentine founded Sequoia Capital, the term “Silicon Valley” was less than two years old. A veteran of the nascent semiconductor industry, Don had helped power the growth of personal computing and networking. With Sequoia’s first $3 million fund, he backed both Apple and video game pioneer Atari. That Don chose “Sequoia,” a tree that lives thousands of years, rather than naming the firm after himself surprises no one who knew him. It was his humility and commitment to empowering the next generation that has enabled our team to stand the test of time. We’ve partnered with each generation of legendary companies since then, from Cisco to Google to Instagram to Airbnb and Stripe, and beyond. From the start, we have ensured that when our founders win, so do great causes. Sequoia invests primarily on behalf of nonprofits and schools, with organizations such as the Ford Foundation and Boston Children’s Hospital forming most of our limited partner base. Working for them gives us a greater sense of responsibility and purpose.
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