![\"Surge](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/1758797652_109_960x0.jpg\")
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Peak XV’s Surge 11 founders.<\/p>\n
Courtesy of Peak XV<\/p>\n
Bangalore-headquartered venture capital firm Peak XV Partners (formerly known as Sequoia Capital India & Southeast Asia) is betting on artificial intelligence companies, fintechs and sportswear startups in the latest cohort of early-stage startups under its Surge platform. <\/p>\n
With assets under management of over $9 billion, Peak XV is investing up to $3 million in each of the 23 companies included in the eleventh cohort of Surge, which counts Singapore-based unicorn Airalo, a provider of embedded SIM cards known as eSIMs to travellers, among its alumni. <\/p>\n
Peak XV unveiled the Surge 11 cohort, which is dominated by AI in both enterprise and consumer businesses, even as fundraising activity among startups in Asia remains muted. Funding activity fell 25.5% on year to $65.8 billion in 2024, the lowest in a decade, according to Crunchbase data<\/a>.<\/p>\n \u201cAI is leading the charge, not just in enterprise applications,\u201d Rajan Anandan, managing director of Peak XV and Surge, said in a statement. \u201cWe are also seeing the emergence of new consumer AI companies.\u201d<\/p>\n Launched in 2019, Surge has invested in over 170 startups to date. The platform helps founders through a range of workshops on product development, sales, marketing, engineering, culture, and fundraising, as well as a three-day conference in the U.S. that has in the past featured technology industry leaders such as Sam Altman, CEO of OpenAI, and Jensen Huang, CEO of AI chip maker Nvidia.<\/p>\n The latest surge cohort includes Finster, an AI platform that provides equity research tools to fund managers and investment bankers. It was founded by Siddhant Jayakumar, an engineer who previously worked at Google DeepMind. \u201cWe are now seeing the next wave of fintech companies and exciting new consumer companies in India and the region,\u201d Rajan said. \u201cThis cohort truly offers a glimpse of the future.\u201d<\/p>\n Sportswear startup Ten X You also joined this year\u2019s Surge cohort, seeking to tap India\u2019s booming consumer demand. The company was cofounded by Sachin Tendulkar, a former international cricket player known as the \u201cGod of Cricket\u201d in India.<\/p>\n READ MOREForbesSingapore\u2019s Airalo Becomes Unicorn After Raising $220 Million In CVC-Led RoundBy Yessar Rosendar<\/a>ForbesPeak XV And HongShan Back AI Startup Tackling Online Counterfeits In $48 Million RoundBy Zinnia Lee<\/a>ForbesAustralian Billionaire David Teoh\u2019s Simba Telecom To Buy Singapore\u2019s M1 In Deal Valued At $1.1 BillionBy Jonathan Burgos<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Peak XV’s Surge 11 founders. Courtesy of Peak XV Bangalore-headquartered venture capital firm Peak XV Partners (formerly known…\n","protected":false},"author":3,"featured_media":253412,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,35980,133807,738,133811,133808,133803,133806,133804,133810,133805,158,67,132,68,133809],"class_list":{"0":"post-253411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-startups-india","10":"tag-ai-startups-southeast-asia","11":"tag-artificial-intelligence","12":"tag-asia-startup-accelerators","13":"tag-fintech-startups-india","14":"tag-india-unicorn-startups","15":"tag-peak-xv-funding","16":"tag-peak-xv-partners-investments","17":"tag-sequoia-capital-india-southeast-asia-news","18":"tag-sequoia-india-portfolio","19":"tag-technology","20":"tag-united-states","21":"tag-unitedstates","22":"tag-us","23":"tag-what-is-surge-peak-xv"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115264570237454976","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/253411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=253411"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/253411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/253412"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=253411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=253411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=253411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}