# Peak XV Partners Type: Company Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/peak-xv-partners Canonical HTML page: https://getstartupbrief.com/entity/peak-xv-partners ## Timeline - **2026-06-15**: Public Disclosure via Newspaper Ad — The company disclosed the filing in a newspaper advertisement, formally signaling the IPO launch process. - **2026-06-15**: Series B first close: $234 million raised — Sarvam becomes a unicorn at $1.5 billion valuation, with HCLTech leading with $150 million for 10.46% stake. - **2026-06-12**: Confidential DRHP Filed — Razorpay submitted its pre-filed draft red herring prospectus to SEBI and stock exchanges via the confidential route. - **2026-06-10**: Shareholder Approval — Shareholders approved a plan to raise Rs 2,700 crore through a fresh issue and offer for sale as part of the IPO. - **2026-03-20**: Current Recovery — Funding rebounds to $358 million, driven by the Weaver Services mega-round. - **2026-03-13**: Mid-March Slump — Weekly funding drops to $143 million amid global macro uncertainty. - **2026-03**: New Funding Talks — Early-stage negotiations begin with General Catalyst for $50-60 million. - **2026-03**: Series C Round — Secured $36M led by Susquehanna Asia VC to scale AI and international footprint. - **2026-02-28**: Annual High — Funding peaks at $705 million for the month of February. - **2026-01-31**: January Peak — Indian startups raise $373 million in the first major surge of the year. - **2025-03**: Financial Results — Reported FY25 revenue of ₹40.4 crore and narrowed losses. - **2025**: Reverse Flip to India Completed — Razorpay completed its reverse flip from the US to India after receiving approvals from the RBI and Ministry of Corporate Affairs, converting into a public limited company. - **2024-04**: Series B Funding — Raised $40 million led by Peak XV Partners at a $200M valuation. - **2024**: Series B Funding — Raised $20M co-led by Peak XV and Elevation Capital to fuel initial expansion. - **2024**: Global Expansion — Entered US, UK, UAE, and Australia markets, diversifying beyond India. ## Recent coverage (9 stories) ### Elevation Capital drops $500M for AI startups amid India VC fundraising boom 2026-07-24 01:36:46 · Sentiment: Bullish · Impact: 7/10 · Sources: 2 Elevation Capital launches a $500M early-stage fund to back AI-native startups, heating up competition among Indian VCs that have raised over $2.5B cumulatively. The fund's exclusive AI focus signals a shift from generalist to thesis-driven investing, directly impacting founder access to capital. Full story: https://getstartupbrief.com/story/elevation-capital-500m-ai-fund-startups ### Sarvam AI Joins Unicorn Club with $1.5B Valuation; 45M Policyholders Served 2026-06-16 00:30:04 · Sentiment: Very Bullish · Impact: 8/10 · Sources: 8 Sarvam AI's unicorn milestone comes with staggering traction: 45 million policyholders served and 17 million farmers engaged via multilingual voice agents. The $234 million Series B will fuel expansion across banking, insurance, and defense sectors. This funding highlights the rise of a new generation of Indian AI startups. Full story: https://getstartupbrief.com/story/sarvam-ai-unicorn-45m-policyholders ### Sarvam grabs $234M at $1.5B valuation, becoming India’s newest AI unicorn 2026-06-15 15:53:00 · Sentiment: Very Bullish · Impact: 7/10 · Sources: 2 Sarvam’s latest round not only catapults it to unicorn status but also highlights a strategic shift in Indian venture: corporate investment by an IT services major alongside top-tier VCs. This raises the bar for deep-tech funding in the region. Full story: https://getstartupbrief.com/story/sarvam-unicorn-series-b-startups ### Razorpay Files for $600M IPO at $5-6B Valuation After Reverse Flipping to India 2026-06-15 04:45:03 · Sentiment: Bullish · Impact: 7/10 · Sources: 2 Razorpay's confidential IPO filing marks a landmark moment for Indian startup ecosystem: a $5-6 billion listing after a reverse flip, backed by YC and Peak XV, but at a lower valuation than its 2021 peak. It sets the stage for VC exits and a new realistic pricing norm. Full story: https://getstartupbrief.com/story/razorpay-600m-ipo-valuation-down-round-startup-exit ### Indian VC Funding Hits $358M in Mid-March Surge Led by Weaver Services 2026-03-21 01:01:01 · Sentiment: Bullish · Impact: 6/10 · Sources: 2 Indian startups secured $358 million in venture capital during the third week of March, a significant jump from the previous week's $143 million. While the surge was largely driven by Weaver Services' $155 million round, the ecosystem continues to face headwinds from geopolitical instability and a scarcity of late-stage capital. Full story: https://getstartupbrief.com/story/indian-startup-funding-weekly-roundup-march-2026 ### Atlys Secures $36M Series C to Scale Global Visa Processing Infrastructure 2026-03-17 01:17:23 · Sentiment: Neutral · Impact: 5/10 · Sources: 2 Atlys, a digital visa processing platform, has raised $36 million in a Series C round led by Susquehanna Asia VC. The funding, featuring strategic participation from MakeMyTrip, will accelerate global expansion and the development of AI-driven automation tools for international travel compliance. Full story: https://getstartupbrief.com/story/atlys-36m-series-c-funding-susquehanna-makemytrip ### Atlys Secures $36M Series C to Scale AI-Driven Global Visa Infrastructure 2026-03-17 00:28:02 · Sentiment: Bullish · Impact: 7/10 · Sources: 4 Atlys has raised $36 million in Series C funding led by Susquehanna Asia VC to accelerate its AI-driven visa processing platform. The startup has recorded 11x growth since 2024 and is now processing over 700,000 visas annually across 120+ destinations. Full story: https://getstartupbrief.com/story/atlys-36m-series-c-funding-visa-ai ### Scapia Eyes $60M Round as General Catalyst Expands India Fintech Footprint 2026-03-16 07:43:05 · Sentiment: Neutral · Impact: 5/10 · Sources: 2 Bengaluru-based travel fintech Scapia is in early-stage negotiations to raise $50-60 million in a round led by General Catalyst. The capital infusion aims to scale the startup's co-branded credit card and international travel booking operations following a period of significant revenue growth. Full story: https://getstartupbrief.com/story/scapia-general-catalyst-funding-talks ### Stable Money Secures $25M Pre-Series C to Scale India's Fixed-Income Market 2026-02-18 22:09:02 · Sentiment: Bullish · Impact: 6/10 · Sources: 4 Bengaluru-based wealthtech platform Stable Money has raised $25 million in a Pre-Series C round led by Peak XV Partners, valuing the company at $175 million. The capital injection will drive the startup's expansion into Tier-2 cities as it seeks to digitize India's massive but fragmented fixed-income investment landscape. Full story: https://getstartupbrief.com/story/stable-money-funding-peak-xv-wealthtech --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getstartupbrief.com/guides/methodology for the full editorial methodology.