The trip is seen as beneficial for Indian startups, which currently lack depth in deeptech and AI, as they strategize on building new capabilities and finding overseas customers. Peak XV, which has $2.5 billion to invest in the region, has been aggressively expanding its network and capabilities since its split from Sequoia Capital last year. The firm's managing directors and partners will be hosting the week-long event.
Key takeaways:
- Peak XV, a venture capital firm, is taking its portfolio companies on an "immersion" trip to Silicon Valley to meet industry leaders and visit AI research centers.
- About 60 founders, many backed by Peak XV’s program Surge, will join the trip which includes strategy sessions with executives from OpenAI, Nvidia and Sequoia.
- The program, called "Immersion Week," is part of Peak XV’s strategy to broaden its offerings beyond just funding, as competition intensifies among venture investors for promising AI startups.
- Peak XV, which has $2.5 billion to invest in the region, has been aggressively expanding its network and capabilities since its split from Sequoia Capital last year.