Peak XV Partners
The Best Startup Funding This Week [May 4–May 10]
This week [May 4–May 10], the startups on the following list have raised the most money. Here's a brief overview of them:
Venturi Partners Invests USD 27 Mn in K12 Techno
Along with Livspace, Country Delight, Believe, Pickup Coffee, and DALI, K12 Techno will become a part of Venturi Partners' portfolio of consumer-focused investments in India and Southeast Asia.
AI Startup Atlan Raises USD 105 Mn in Series C Round Led by GIC and Meritech Capital
Existing investors Salesforce Ventures and Peak XV Partners also participated in the capital round, increasing Atlan's total fundraising to almost USD 206 million.
This Week's Top Startup Funding [April 26–May 3]
The startups listed below have raised the most money this week [April 26–May 3]. Here's a quick synopsis of them:
Fashion Startup Lyskraft, FlexiCloud Internet, and AI startup Control One Secure Early-Stage Funding
Here are the Indian startups that announced early-stage funding rounds.
Travel and Lifestyle Brand Mokobara Raises INR 100 Cr in Series B Led by Peak XV Partners
Bengaluru-based luggage brand Mokobara aims to use the raised funds to expedite retail and global expansions in FY24.
VC Rebranding: What Purpose Does It Serve, and Why Is It Important?
IDG Ventures India changed its name to Chiratae Ventures in 2018 and Inventus India rebranded the company as Athera Venture Partners in 2022 to reiterate their vision and focus. In addition, Sequoia Capital changed its name this year to Peak XV Partners, taking its cue from Mount Everest, whose previous name was Peak XV until it was changed.
Investors Raise Financial Irregularities at Healthtech Startup Mojocare
The Bengaluru-based startup's financial problems, which include overstating revenues, have surfaced less than a year after it raised $20.6 million in its Series A round.
India's Startup Ecosystem is Among the Most Vibrant in the World: Sequoia's Roelof Botha
Due to portfolio conflicts and market turbulence, Sequoia Capital announced last week that its India and China funds would separate and operate independently. Peak XV Partners will be the name of the India operations. The company's management is still the same.