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Peak XV is increasingly willing to back Indian startups that are pursuing larger, riskier ideas, according to Managing Director Mohit Bhatnagar. Speaking at TechSparks 2026, he said artificial intelligence is expanding the scope for founders in India to build globally relevant companies rather than only domestic businesses.
Apple’s long-anticipated push into India’s digital payments market comes at a moment when the sector is already crowded, mature and fiercely competitive. Yet the company’s broader India strategy, spanning premium devices, manufacturing and ecosystem lock-in, suggests Apple Pay may be less a standalone payments play than a deeper move to strengthen customer retention and spending within its own universe.
Peak XV Partners, one of Awfis Space Solutions’ early institutional backers, has pared its stake in the coworking operator through a bulk deal valued at about ₹30 crore. The transaction, involving 12.2 lakh shares, comes as venture investors continue to rebalance exposure in listed new-age companies amid a volatile market for growth stocks.
Peak XV Partners has launched the twelfth cohort of Surge, its flagship accelerator and incubation programme for early-stage founders across India and other global markets. The latest batch underscores the firm’s continued emphasis on capital-efficient, product-led startups in sectors ranging from artificial intelligence and software to consumer internet and fintech.
Peak XV Partners has increased the maximum seed investment under its Surge program to $5 million as it announced an 18-startup cohort focused on frontier AI and machine learning. Thirteen of the companies are targeting global markets, while more than half are based in India, underscoring the firm’s continued push to back internationally ambitious founders from the region.
Dating startup Rivet has secured $10.5 million in seed funding from Peak XV Partners, Shine Capital and Blume Ventures as it moves to scale its community-led matchmaking platform across the United States. Founded by former Tinder and Match Group executive Taru Kapoor and ex-CarDekho used-car CEO Rajat Sahni, the company is betting that "social matching" can offer a less transactional alternative to swipe-based dating apps.
Indian dating startup Rivet has secured $10.5 million in seed funding from Peak XV Partners and Shine Capital, aiming to expand its footprint in the U.S. dating market. This investment marks a significant step for Rivet as it seeks to innovate and capture a growing demographic of users seeking meaningful connections.
Day two of TechSparks 2026 is set to sharpen the conversation around how India’s startup economy is adapting to a new cycle of AI-led product building, capital discipline and deeptech ambition. With sessions featuring leaders from Stripe, Swiggy and Peak XV, the agenda reflects a market where founders are being pushed to build faster, spend smarter and think beyond consumer internet playbooks.
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