Peak XV raises seed investment ceiling to $5M, announces 18-startup cohort

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Peak XV has increased the seed investment ceiling for its Surge program to $5 million and announced a new cohort of 18 startups. This expansion reflects a greater commitment to supporting early-stage companies, especially those with global market ambitions and a base in India.

Key facts

• Peak XV has raised the maximum seed investment for its Surge program to $5 million.
• The firm has announced its latest cohort of 18 startups.
• 13 of the companies in the cohort are targeting global markets.
• More than half of the cohort is based in India.
• The Surge program is a seed-stage accelerator backed by Peak XV.