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The speculation investment firm is sitting on a 10x return on itsinvestment in Mamaearth , fit in to an analysis of its IPO document by TechCrunch . Mamaearth is Peak XV ’s twentieth IPO in India and Southeast Asia , a figure that notably pass by the IPO count of other venture firm in the regions by a substantial margin .
Peak XV has offload its remain shares in Zomato , consort to a person familiar with the matter , cap a 10x - plus return journeying with the food bringing startup that began a decennium ago .
The firm ’s full - exit and offloading of percentage last calendar week has n’t been previously report . Zomato did n’t react to a request for comment . Shares of Zomato jumped 10 % Friday afternoon after the Gurugram - based firm reported a surprise profit for the 2d quarter .
Peak XV also late made a 12x - plus return onK12 Techno Services , a inauguration it originally backed about a decade ago , when the secret fairness house Kedaara Capital endue in the edtech firm , accord to the person familiar with the affair and corporate filings . Peak XV still maintains some property in the startup , fit in to the filings .
extremum XV decline to point out .
The return are a boost to the business firm , which with a cap pool of $ 2.5 billion oversees a substantially larger capital volume than any other speculation Das Kapital firm focused on India and Southeast Asia . The fund has made over 400 investing and its portfolio includes more than 50 unicorn and overall about 40 companies that have an overall annual revenue of more than $ 100 million .
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In the post - Sequoia world , Peak XV hasaccelerated its softwood - makingeven as the broader secret market place remain clean sluggish . Its executive director told a gathering of its portfolio founding father in August that they assert the optimism about the region and now feel a greater exemption to adopt a more fast-growing approach .
Peak XV , which has made a dozen deals since June , has also recently cross out up its estimated value of four of its six funds , according to a revelation by University of California Regents , an LP in Peak XV funds .
Merely days after Sequoia US and the India and SEA arm announced their separation , Peak XV also put to death sales agreement of its share in Go Colors , nearly two years after the firm went public . It made a 15x - plus return on Go Colors , according to an psychoanalysis . It also latterly sell share in certificate house Quick Heal and overall made profits on its investment , though TechCrunch could n’t determine the firm ’s overall gains .
Peak XV is now also looking to elaborate its focus on Australia and do deals in the U.S. Peak XV ’s late early - phase Surge cohortfeatured two Australian startups . Neil Shen , the head of Sequoia China , antecedently take charge of assess a bulk of the Australian flock , according to a different author familiar with the matter . Sequoia China also part way with the broader Sequoia family in June of this class .
