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Peak XV Partners, spun off from Sequoia Capital, is shifting its focus from Southeast Asia to global markets, particularly the US, as it seeks to invest in startups targeting international audiences. The firm has ramped up its US presence, conducting immersion tours and hiring senior executives, while facing significant leadership departures in Southeast Asia, raising questions about its regional strategy. Notable investments in the US include AI-driven companies like Abita Healthcare and RapidCanvas, indicating a strong emphasis on artificial intelligence in its portfolio.
Shraeyansh Thakur, an investor at Peak XV Partners, has announced his departure after over nine years with the firm. He plans to pursue an entrepreneurial venture, although details are not yet available. Thakur joined Peak XV in 2015 and has worked with notable startups such as Meesho, CARS24, and Unacademy.
OYO is poised for significant growth, projecting a profit of INR 1,100 Cr in FY26, bolstered by its acquisition of G6 Hospitality, which is expected to contribute INR 630 Cr in EBITDA. Despite pressure from lenders to expedite its IPO, OYO continues to report strong financial performance, with a net profit of INR 166 Cr in Q3 FY25. In other news, Darwinbox has raised $140 Mn, NoPaperForms is preparing for an IPO, and Suchi Semicon is set to begin production in March 2024 after investing INR 840 Cr in its new factory.
Shraeyansh Thakur
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Peak XV Partners shifts focus to US market amid Southeast Asia challenges
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