Indian Economy News

VC firm Peak XV Partners emerges top investor in India's start-up ecosystem

  • IBEF
  • June 21, 2024

Peak XV Partners (formerly Sequoia Capital India and SEA) has emerged as the top investor in India's startup ecosystem. The firm made investments in 47 potential unicorns (startups founded after 2000 with a valuation of US$1 billion or more) this year, according to the ASK Private Wealth Hurun India Future Unicorn Index 2024.

Accel came in second, while Tiger Global, which made fewer investments in the past couple of years, came in third. Trifecta and Blume Ventures also made it to the top 5 list. Accel has invested in 25 companies that are poised to become the next generation of unicorns. Their portfolio includes diverse and interesting companies such as Money View, Ninjacart, and Stanza Living.

Tiger Global Management's primary objective is to generate exceptional investment returns in the long run. It has invested in 21 Gazelles and Cheetahs, which are high-growth startups. Their portfolio showcases a diverse range of interesting companies, including Ather Energy, Captain Fresh, and Classplus.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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