Sequoia Capital splits, India business rebrands as Peak XV Partners
Mumbai: Sequoia India & Southeast Asia, a prominent venture capital firm, has undergone a rebranding and is now known as Peak VX Partners, media reports said.
With this rebranding, the firm will independently manage its assets under management (AUM) totaling over $9.2 billion across 13 funds in the region, Business Standard reported.
This rebranding initiative aligns with Sequoia Capital's decision to separate into three distinct entities worldwide. Alongside Sequoia India & Southeast Asia's rebranding, Sequoia China's business has adopted the name HongShan in English (while maintaining its existing Chinese name).
The venture capital business in the US and Europe will continue operating as Sequoia Capital.
Throughout its 17-year history, Sequoia India & Southeast Asia has successfully raised 13 funds and made investments in over 400 start-ups.
Their portfolio boasts more than 50 companies that have achieved valuations of $1 billion or more.
Within this portfolio, there have been 19 initial public offerings (IPOs) and numerous mergers and acquisitions (M&As), resulting in realized exits totaling $4.5 billion thus far.
The investment team at Sequoia India & Southeast Asia comprises 11 managing directors, each with an average tenure of over 12 years at the firm, providing extensive experience and expertise in the field.