Peak XV Partners

We’ve recently closed a $35 million Series D funding round, led by Peak XV Partners, who also led our Series C in 2023.  Jamie Osborn, CEO of Shift, commented, “This fresh round of capital will be used to execute on our ambition to become the market-leading provider of credit and payments to Australian businesses. This includes further investment in our proprietary data models and platforms that deliver better credit decisions and a vastly improved customer experience for Australian businesses and our network of commercial brokers.” Thank you to Peak XV Partners and our other existing investors for their continued support. https://lnkd.in/g47DvBcp

Why #deeptech #startups? And why now? Unlike general tech, deeptech innovations usually emerge from a lab. Founders are either doctorates or research scientists or simply have deep technical expertise. Over the last 18-24 months, we’ve been excited to see many such founders starting up and pursuing innovations that could transform industries. Add to it the robust government support and favorable policies in countries like India, and we now have an ideal ecosystem for deeptech innovation across sectors - advanced manufacturing, green tech, biosciences, quantum computing, semiconductors, and space tech. I just finished reading this thoughtfully put together deeptech special issue by Forbes India (hat tip to Harichandan Arakali) that echoes our enthusiasm for deeptech. Great to see the issue covering five of Peak XV Partners' deeptech portfolio companies 🤩 - Ethereal Machines is revolutionizing advanced manufacturing with their innovative five-axis CNC machines which offer unparalleled precision and efficiency, serving sectors like aerospace, defense, healthcare, and consumer electronics. InCore Semiconductors is pioneering advancements in the semiconductor industry and Mindgrove Technologies is building advanced sensors and intelligent systems to be deployed across various sectors enhancing automation and intelligence. Newtrace is at the forefront of the green hydrogen revolution with their membrane-less electrolyser technology that brings significant improvements in performance and cost efficiency. Digantara has pioneered platforms that provide critical situational space awareness, similar to a "Google Maps for space," which is essential for both commercial and defense applications. The issue also has an interview with Rajan Anandan talking about the transformative potential of deeptech in India and how these innovations can address some of the most critical challenges across industries. With the upcoming National Deeptech Policy, there is expectation of continued policymaking support for the sector. All eyes also on Tuesday’s Budget to see what’s in store. Meanwhile, there’s more excitement coming up on our front too, as we continue to play our part in putting India and Southeast Asia on the global map of deeptech innovation. Watch this space for more! Shailendra J Singh Mohit Bhatnagar Ravishankar GV Shailesh Lakhani Kaushik Mudda, Navin Jain, G S Madhusudan, Neel Gala, Sharan Jagathrakshakan, T.R. Shashwath, Tanveer Ahmed, Rahul Rawat, Anirudh Sharma, Rochan Sinha, Prasanta Sarkar Vedant Trivedi Ushma Jhaveri Manavi Jain Surge Brian Carvalho Lara Kanga Ministry of Commerce and Industry, Government of India Piyush Goyal Department for Promotion of Industry and Internal Trade Ministry of Electronics and Information Technology Ashwini Vaishnaw Abhishek Singh S Krishnan Jitin Prasada Invest India Nivruti Rai #Innovation #FutureTech #StartupIndia #TechRevolution

Exciting news at Partior! Today, we announced the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and J.P. Morgan, Standard Chartered Corporate & Investment Banking and Temasek as existing shareholders. Also with continued support from founding shareholder, DBS Bank, Partior’s commitment to enhancing current financial market infrastructure and improving financial connectivity worldwide is stronger than ever. Our Series B round will enable the advancement of new capabilities on Partior like Intraday FX swaps, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments; and support our network expansion internationally. We are currently live with USD, EUR and SGD, and will integrate additional currencies such as AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR. Read the full press release and join us in reshaping the future of finance! ➡ https://lnkd.in/gZA54A5i #SeriesB #blockchain #unifiedledger #sharedledger #fintech #crossborderpayments #fxpvp