Peak XV, the venture capital firm, has increased the investment ceiling for its Surge seed program to $5 million, according to TechCrunch. The announcement accompanied the unveiling of an 18-startup cohort, marking a larger commitment to early-stage funding.
Of the 18 startups in the latest Surge cohort, 13 are targeting global markets, the report said. More than half of the startups are based in India, reflecting the firm's continued focus on the region's startup ecosystem.
The move signals Peak XV's intent to write bigger checks at the seed stage, even as the broader funding environment remains uncertain. The source did not provide additional details on the startups' sectors or the specific global markets they plan to enter.