They've had major fuck ups, but that's actually true for Sequoia US too (FTX etc) 
  
 I feel there's something else at play here too

Analyst

Sequoia is splitting into 3 investment firms each serving US/Europe, China/SouthEast Asia and India respectively. Saw in the headlines it was mainly to address similar startups with competing products being funded by them.

Software Engineer

Most likely LPs are not comfortable with Sequoia investing in the same companies from different vehicles. Sequoia most likely invests in growth stage Indian companies from both the Indian company as well as US/UK dedicated vehicle, similar to what other US-based VCs do.

Founder

Software Developer

Jhaad Nahi Uga dhang se, khatte nikle hein inke desi fal; Chale hein Beherupiye chadhne pahad Everest Bina kise ke sang.

Product Manager

Welcome to Indian Startups's Private Community

Sequoia rebrands to Peak XV Partners. They are giving a positive spin in the press but not hard to connect the dots.

Program Manager

Sequoia rebrands to Peak XV Partners. They are giving a positive spin in the press but not hard to connect the dots.- Grapevine

PeakXV (sequoia) has a history of firing CEOs and changing leadership when they become an investor.

At least in this case they'll have full support.

PeakXV (sequoia) should by RCB

Why do US VCs like Sequoia and Mattix rebrand to PeakXV and Z47 in India?

Is this just a politically correct way of exiting the market after realising India is not doing well for them?

https://techcrunch.com/2024/06/29/matrix-rebrands-india-china-units-for-organizational-independence/

Why do VCs rebrand?

Peak XV Partners or Peak FRAUD

Finance Consultant

With a graveyard of troublesome start-ups!

Peak XV to invest in grapevine?

Growth Manager

Welcome to Software Engineers's Private Community

What is the interview process of Grapevine?

Grapevine

Sequoia in trouble. Major shake ups.

Exclusive: Peak XV acquires over 21% stake in Grapevine

Reason given by investors on Mojocare sounds very fishy. At one end they are blaming the founder for embezzlement while on other end they are blaming market conditions and unsustainable business model for the layoff of employees. Doglapan?

Project Manager

Did sequoia have an ownership target? How does your team and you feel post the funding? What can we expect as a next step? How soon will the monetisation bug kick in?

https://entrackr.com/2023/10/exclusive-peak-xv-acquires-over-21-stake-in-grapevine/

Grapevine funding analysis

Product Owner

Welcome to Office Gossip's Private Community

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.

His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting-
1. Why the personal distribution policy of educators was implemented without concrete plan in place?
2. Why growth declined in some of the most profit making businesses?
3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue?
4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue?

Good or for Bad, investors feel that decisions lacked ownership and growth intent.

Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta.

What is your take on the decision?

Why was unacademy CFO fired?

Consultant

Welcome to News Discussion's Private Community

Congratulations Grapevine team.. Finally, they raised funding from Peak XV Partners.. Time to DM founders for a job 😂

Grapevine Raised Funding 💸💸

Equity Research

Brace yourself everybody. Another big fraud coming and this will be bigger than what we have seen so far. Sequoia (Peak XV) portfolio company.

As reports suggest that grapevine is raising money from Peak Fifteen (previously Sequoia), will they allow negative posts about their portfolio companies on the platform?

Peak Fifteen has a record of controlling the media narratives for their portfolio companies before, hope they don't kill this platform!

A thought on grapevine 💭

Looks like the Grapevine is growing

Data Scientist

Now that SBF has been convicted, good reminder of how much awe Sequoia partners were in of SBF.

This platform is now gonna scale, but isn’t 21% too much? Thoughts pls.

PeakXV holds over 21% of Grapevine

- Peak XV sold 1.23 Cr shares worth INR 610.98 Cr, while Sequoia Capital Global offloaded 28.71 Lakh shares worth INR 142.12 Cr.
- Morgan Stanley and ICICI Prudential bought shares worth INR 119.67 Cr and INR 142.49 Cr, respectively.
- Honasa's shares slumped 5.48% on the BSE after touching a record high of INR 546.5 earlier in the week.
- The startup's profit after tax jumped 62.9% to INR 40.2 Cr in Q1 FY25, with operating revenue growing 19.3% YoY to INR 554 Cr.
- Brokerages remain bullish on Honasa's house of brands strategy, with Emkay giving a price target of INR 525 by June 2025. 

 Source: [Inc42](https://inc42.com/buzz/fireside-ventures-peak-xv-others-dump-honasa-shares-worth-inr-1602-cr/)

Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

Journalist

After Unicorns now it's VCs 😁

Any idea whether this happened in India as well for their new entity ?

https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

Sequoia VC  Layoffs

It announced fundrise from peakXV (previously Sequoia).

From what I can deduce, they diluted a bit too much. But, I hope that the founding team makes a good one from this!

Cheers Michael bhai!

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