Peak XV’s Surge selects 13 startups for its ninth cohort

Peak XV Partners’ rapid scale-up program Surge has launched its ninth cohort of early-stage startups featuring 32 founders across 13 startups.

Cohort 09 is the first since Peak XV’s rebrand from Sequoia India & Southeast Asia, and it has also forayed into greater Asia-Pacific expansion with the inclusion of Australia-based startups.

It’s worth highlighting that 10 out of the 13 startups are focused on AI and deeptech with companies in advanced manufacturing, quantum computing, climate tech, and health tech, among others.

Surge 09 will include two Australian startups in addition to seven from India and four from South East Asia. Ethereal Machines, Elivaas, Incore, Mindgrove, Newtrace and ZeroK are from India while one startup is in stealth mode.

In March, Surge announced the launch of the eighth cohort featuring 12 startups across India and SEA.

“As we kick start new company-building journeys with our Surge 09 founders, it is clear that we are witnessing the incredible growth of AI and deeptech innovation, as well as the abundant talent in these sectors emerging from Asia.  We are thrilled to be at the frontlines of innovation alongside our ambitious founders, who are leveraging their expertise to chart new ground in exciting, emerging technologies,” said Rajan Anandan, managing director, Peak XV and Surge.

With this, Surge has included more than 330 founders and over 140 startups across 16 sectors in less than five years. To date, Surge startups have collectively raised over $2 billion in follow-on funding post Surge.