Sequoia India

Peak XV Partners slashes fees, reduces latest fund by $465 million

Move to reduce the fund and lower fees in prior funds is rare in Asia, and underscores challenges of investing in India where valuations have expanded given robust market for initial public offerings

Former Sequoia India firm launches new fund Peak XV for early ventures

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

NCLT asks Byju's to keep funds via rights issue in escrow account

NCLT has also directed Byju's to consider the extension of the closure date of the rights issue

Sequoia-backed MobiKwik refiles DRHP with Sebi for Rs 700 crore IPO

MobiKwik will consider a pre-IPO placement of Rs 140 crore and if this pre-placement is completed, the fresh issue size will be reduced

Wealth management firm Neo raises $35 mn in funding from Peak XV Partners

Company will use funding for wealth management business, asset management franchise

Lenders allege Byju's hid $533 million in obscure 3-year-old hedge fund

Byju's denied the charge, saying its credit agreement with lenders did not prohibit or restrict the usage, movement or investment of funds

Will 'significantly' mark down Byju's valuation: Peak XV Partners

This is the first time investors have externally flagged financial and corporate irregularities at the edtech firm

Kalaari to Tiger Global: Investors urge govt to reconsider 28% gaming tax

They said that the decision will have a 'deleterious impact' on the industry and is expected to result in the loss of over 50,000 high-skilled jobs in India

Financial irregularities, tough market: What went wrong at Mojocare?

In a joint statement, Mojocare's major investors alleged that they have 'uncovered financial irregularities" in the health and wellness start-up

Peak XV Partners received 15x return on its investment in Go Fashion

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Peak XV says confident of investor backing after Sequoia Capital split

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

Sequoia splits into 3 independent entities, India biz now Peak XV Partners

There will be no change in the firm's portfolio management strategy

Sequoia India renames itself as Peak XV Partners; to operate independently

The rebranding happened after Sequoia Capital (US/Europe), Sequoia China and Sequoia India and Southeast Asia decided to become independent firms with distinct brands

Some of our best firms globally were created in downturns: Sequoia India MD

RISC-V is a set of instructions that defines how a particular software interacts with a chipset

'Business as usual' for Sequoia's early-stage bets amid start-up headwinds

Within the early-stage space, Sequoia remains bullish on AI, deep tech, and semiconductors

Video telematics platform Lightmetrics raises $8.5 mn from Sequoia Capital

Video telematics startup Lightmetrics on Wednesday said it has raised USD 8.5 million (about Rs 69 crore) in a funding round from Sequoia Capital India. The Bengaluru-based platform uses edge AI and analyses video feeds from the camera installed in vehicles to better understand driver behaviour, and reduce accidents and improve safety. It claims to serve over 2,500 fleet across India, the Middle East, the US, Canada, Mexico, Brazil, Australia, and South Africa. The company will use the funds raised in Series-A round to strengthen its teams from the engineering, customer success, product, marketing, sales and analytics sides for growth. Lightmetrics was founded in 2015 by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna AG, who had worked together at Nokia Research on computer vision and ML for cameras.

SVB fallout: Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

Sequoia India and Southeast Asia's Surge to empower 12 new startups

Surge combines up to $3 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders

Sequoia's Surge unveils 8th cohort of 12 start-ups across India, SEA

Includes start-ups in climate tech, AI, metaverse, digital health, new e-commerce models

GoMechanic cooked the books, say investors as 70% staff is laid off

According to people in the know, investors may now ask GoMechanic founders to take leave of absence