peak xv

Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,811 crore) in prospective investments, a letter showed.India last week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have become increasingly popular in recent years, but have also raised concerns about addiction among…

Peak XV Partners said it would look to “collaborate” with HongShan, its former affiliate at Sequoia Capital, which recently set up an office in Singapore.According to a report in the Financial Times on Sunday, HongShan would leverage its office and base in the city-state to invest in the Southeast Asian region.Sequoia Capital in June announced a three-way split that saw the Silicon Valley-headquartered venture fund’s US, China, and India & Southeast Asia operations going separate ways. While the Chinese entity was…

Researchers at India's AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter.The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are usually up to $1 million to $2 million.Vivek Raghavan and Pratyush Kumar, who worked on developing AI models for…