Peak XV downsizes its $2.85 billion fund by 16% a year after Sequoia US-India split

Venture capital firm Peak XV Partners, formerly Sequoia Capital India, has pared the size of its $2.85 billion fund by 16% more than a year after it split from Silicon Valley-based investor Sequoia Capital. Peak XV’s eighth India and Southeast Asia-dedicated fund will see its corpus being cut by $465 million with the bulk of the reduction coming in its growth-stage.
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