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Story summary
- Peak XV, the firm split from Sequoia Capital in 2023, announced a $1.3 billion fundraising.
- The funds are India- and Asia-focused, investing in AI, fintech, and consumer startups over two to three years.
- The firm manages over $10 billion in assets and has returned over $7 billion to investors.
- General Catalyst, a venture capital firm, plans to invest $5 billion in India over five years, focusing on AI, healthcare, fintech.
