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Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which raised $2.85 billion funds in mid-2022, informed its backers on Tuesday evening that it would cut $465 million from…
A U.K.-based, open-source startup is launching its first commercial product with the backing of one of Silicon Valley’s most renowned venture capital firms. Pydantic on Monday launched an observability platform called Logfire, five months after trialing it in open beta, and announced $12.5 million in Series A funding led by Sequoia. However, the company is…
Peak XV Partners, the largest India-focused venture fund, has realized about $1.2 billion in exits since its separation with Sequoia last year, two sources familiar with the matter told TechCrunch. The investor has sold stakes in nearly a dozen portfolio companies that went public in the past year, including food delivery group Zomato, cosmetics retailer…