Peak XV reshapes Surge strategy as digital lenders thrive amid slowdown
Happy Monday! Peak XV Partners is rebooting Surge after executive exits and a broader strategy reset. This and more in today’s ETtech Morning Dispatch.
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Happy Monday! Peak XV Partners is rebooting Surge after executive exits and a broader strategy reset. This and more in today’s ETtech Morning Dispatch.
Peak XV Partners is reshaping its Surge seed-investing platform. The venture capital firm is integrating Surge more closely with its overall early-stage investment operations. This move follows team exits and a slower cohort intake. Surge will now offer up to $5 million per company. This recalibrati
Scapia, a travel fintech startup, has secured $63 million in a funding round led by General Catalyst. Scapia plans to use the funds to expand its product portfolio across its financial services and travel segments. With this new infusion the total funding raised by the startup has gone up to $135 mi
Peak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment for the Indian VC firm. The funding will accelerate AI investments and US expansion, where Primer expects significant revenue growth.
Former Peak XV Partners MDs — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma — have launched Mettle Capital, a new…
Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its
Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its
Happy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and more in today's ETtech Morning Dispatch.
Cybersecurity firm Exaforce secures $125 million in funding. This capital will enhance its AI-SOC platform and global expansion. The company's real-time security knowledge graph allows rapid threat investigations. This technology aims to shift leverage to defenders. Exaforce serves major sectors lik
Peak XV leads. M12, Kleiner Perkins, and Bessemer Venture Partners join; earlier investors return. Amazon Ring, Intuit, and New York Life are named enterprise customers; total funding now stands at $72m. Vapi, the San Francisco-based enterprise voice-AI platform, has raised $50m in a Series B round
Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing.
Peak XV Partners, India's largest VC firm, has appointed Shelly Singh as an operating partner in its San Francisco office. This move strengthens the firm's focus on US deals, particularly in artificial intelligence. Singh will assist portfolio companies with growth strategies and operational outcome
VC firm Peak XV Partners has exited listed fintech major MobiKwik through a ₹130 Cr (about $13.8 Mn) block deal,…
Peak XV Partners has exited One MobiKwik Systems in a block deal worth over Rs 1.30 billion.
Former Dunzo cofounder Kabeer Biswas’ new startup, M, is looking to net ₹102 Cr (about $11 Mn) from Peak XV…
Kabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV Partners, Blume Ventures, and Cred. M aims to automate household tasks using artificial intelligence. This venture follows Biswas's exit from Flipkart.
The insurtech startup will use the capital for hiring, technology upgrades, enterprise-grade security, AI-driven claims operations, and deeper integrations with HR and payroll systems.