Peak XV has announced the closure of $1.3 billion in investor commitments to be deployed across its three funds — India Seed, India Venture, and APAC. In a statement shared on social media, the company said, “Along with significant uninvested capital in our existing Growth fund, we are excited about our ability to back outlier founders building category-defining companies across multiple stages, as we have done for two decades.” 

Strong backing from global Limited Partners

The over $1 billion in commitments includes leading non-profit endowments and foundations, the firm said. On the fundraise, Managing Director Shailendra Singh wrote, “Grateful to our Limited Partners for giving us the opportunity to continue pursuing our mission of enabling outlier founders to build the companies of the future. Excited for the decade ahead.”   

With a focus on AI, the firm said that while initial breakthroughs were concentrated in Silicon Valley, opportunities are now abundant in India and the APAC region. “The size, scale and sophistication of technology startups across India and APAC are deeply inspiring. India’s fintech ecosystem is already one of the most advanced in the world, and the consumer opportunity has decades of compounding ahead. The combination of technical innovation, deepening markets, quality of talent and increasing global ambition makes this an exciting time to be investing in the region,” the post said. 

Focus on AI, cloud, fintech, and consumer

With 90% of Peak XV’s investment focus concentrated across three key sectors — AI, software and cloud; fintech; and consumer — spanning both India and the APAC region, the firm is sharpening its thematic bets. In an earlier conversation with Fortune India, Singh said, “As an independent firm, we now have significantly more capability than we have had before.” For India specifically, the firm’s long-term strategy centres on backing Indian companies building for India — particularly in consumer, fintech, silicon, semiconductor, defence and space-tech sectors. It is also focused on supporting startups aiming to build global category leaders from India. 

The new fundraise comes at a time when, earlier this month, three of Peak XV’s partners — Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma — exited the VC firm after spending over a decade with the organisation, marking the second round of senior-level departures in the past year. Following these exits, Peak XV promoted Abhishek Mohan to General Partner to lead the consumer tech investments team, and appointed Saipriya Sarangan as Chief Operating Officer (COO) to oversee firm-wide operations. GV Ravishankar, the firm’s veteran managing partner, has also returned to its Bengaluru base. Alongside Sakshi Chopra, who has been with the firm for over 15 years, Rohit Agarwal in Singapore, Rajan Anandan and Shailendra Singh, the firm now has seven general partners.