Peak XV Partners has announced the list of the startups selected for the 10th cohort of Surge, the venture capital firm’s seed stage platform to back early stage startups.
14 startups have been selected under this cohort and each startup can receive up to $3 Mn in seed funding. The cohort focuses on sectors such as AI, developer tools, consumer brands, next-generation fintech, and healthcare.
The founders of the selected startups will receive full-stack support and dedicated partnership from the Surge investment team and the operating team, including hiring, product, tech and marketing.
Peak XV has supported over 140 startups via the Surge programme. Scaler Academy, Khatabook, Log9 Materials and Plum are among some of the popular startups from the past cohorts.
The Surge 10 programme will run from October 2024 to February 2025, featuring a mix of in-person and online sessions and events focused on founder development, go-to-market strategies, product, sales refinement, brand building and more.
Overall, Peak XV is a prominent investor in the Indian startup ecosystem and now they have selected startups from various countries like Singapore, the Philippines, China, the UAE, Australia, the UK, and the US.
Speaking about the new cohort, Peak XV MD Rajan Anandan highlighted the focus on AI and said that all six startups selected for Surge 10 are AI application companies.
The programme has selected an offline healthcare company for the first time. Both in terms of geography and sectors, this is the most diverse cohort.
Selected startups based in India are Ambak, Brainfish, The Health Factory, OrbitShift, SalarySe, Tailcall, Wobot, and a specialty healthcare startup operating in stealth mode.
Selected startups based outside India are Amaani, Auquan, Clout Kitchen, Dezy, Dubbing.ai, and Parseable.