Friday, 14 November, 2025
Peak XV Partners Hits $1 Billion Gain on Pine Labs IPO
Venture capital firm Peak XV Partners (formerly Sequoia Capital) is set to realize over $1 billion in combined gains from its early investment in the fintech company Pine Labs. An initial $32 million commitment in 2014 resulted in what is described as a "30-bagger," yielding $550 million in realized gains and leaving a valuable 17% stake after the company's $2.9 billion IPO.
Read full story at Economic Times