Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split

Peak XV Partners, the rebranded entity that split from Silicon Valley’s marquee venture capital firm Sequoia Capital two years ago, is set to raise its first independent fund with a target corpus of $1.2-1.4 billion, said three people familiar with the matter.

The fresh capital being racked up will focus on investing in early-stage ventures across India and Southeast Asia, according to these people, who spoke on the condition of anonymity as the talks are private. Peak XV, which has backed the likes of Zomato, Cred and Groww, also makes larger…