Sequoia splits into 3 firms, India & SE Asia get own entity

NEW DELHI: Sequoia India and Southeast Asia has been rebranded as Peak XV Partners, keeping in line with global venture capital (VC) behemoth Sequoia’s move to restructure its US/Europe, China and India & Southeast Asia businesses into three independent firms. “We will move to completely independent partnerships and become distinct firms with separate brands no later than March 31, 2024,” the company said in a statement on Tuesday.
Over the years, the strategies for each business have diverged and the scale, market leadership across different geographies have started to result in brand confusion and portfolio conflict, necessitating the move.“We are seeing companies emerge from every region with global ambitions. The flexibility that comes with the new structure will open up an unbounded global opportunity and help create more value for our founders and LPs,” said Shailendra Singh, managing director at Peak XV Partners.
Peak XV Partners, which manages over $9. 2 billion spread across 13 funds, will continue to invest in new age companies across stages and a spate of sectors including, SaaS, AI, cloud infrastructure and healthtech.