✉news BusinessStartups first seen 19 h ago, last 14 h ago, peak #21
Peak XV raises Surge seed funding cap to $5M
Original: Peak XV lifts Surge seed cap to $5M, backs 18-startup cohort
Sequoia's India and Southeast Asia spinout Peak XV Partners has increased the seed funding cap for its Surge accelerator program to $5 million and unveiled a new cohort of 18 startups. The move signals larger initial checks for early-stage founders in the region, amid continued competition among venture investors to back promising startups earlier and at bigger sizes.
Why now: The enlarged check size and new cohort signal renewed investor appetite for early-stage startup funding in India and Southeast Asia.
Evidence
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