Peak XV Partners announces 18 startups for new Surge cohort
The cohort also includes founders with backgrounds at companies such as Airbnb, Microsoft Research, Google and India's recently minted unicorn Sarvam AI.
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The cohort also includes founders with backgrounds at companies such as Airbnb, Microsoft Research, Google and India's recently minted unicorn Sarvam AI.
The new fund has received commitments from Play Capital, a Nordic Fund of Funds (FoFs) and family offices such as Eraya, Twin & Bull Investments and Heritage Investments.
Several domestic and global institutional investors including Mirae Asset Mutual Fund and SBI Life Insurance bought the shares.
The fund has already deployed nearly Rs 55 crore across four deeptech startups.
The funding round saw participation from Foundation Capital.
RPS Ventures, founded by former SoftBank Vision Fund managing partner Kabir Misra, held a 1.12% stake in Meesho as of June 2026.
The funding round also saw participation from existing investors Accel, S32 (Section 32), Prosus Ventures, Hitachi Ventures and Wipro Ventures.
The round also saw participation from Entrepreneur First and a group of angel investors, including backers from quantitative trading firms.
The fund has brought Quest Global Engineering Services as a Limited Partner (LP), adding an institutional investor from the engineering sector to its LP base.
The funding round saw participation from DeVC, Peercheque and Kunal Shah.
Unimech Aerospace and Manufacturing participated in the funding round.
Earlier in May, the venture capital firm sold 6.2 crore shares in a transaction valued at nearly Rs 1,116 crore.
The AJVC investment is part of Novastar's broader private-markets strategy that combines fund investments with selective direct bets on private companies.
The funding round also saw participation from existing investor Bessemer Venture Partners.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The funding round also witnessed participation from several industrial entrepreneurs and existing investors, including Nikhil Sawhney and Varun Agarwal.
The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.