Peak XV cuts $2.8 billion startup fund by 16%

Peak XV Partners has reduced its $2.8-billion fund for India and Southeast Asia by 16% due to high valuations in private markets, particularly affecting late-stage growth deals. The firm emphasizes disciplined investment amidst market exuberance, benefiting both founders and limited partners.

Oct 3, 2024 - 05:00

Peak XV cuts $2.8 billion startup fund by 16%

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Peak XV Partners has reduced its $2.8-billion fund for India and Southeast Asia by 16% due to high valuations in private markets, particularly affecting late-stage growth deals. The firm emphasizes disciplined investment amidst market exuberance, benefiting both founders and limited partners.