TL;DR
Peak XV Partners (formerly Sequoia India) is navigating a critical transition as it manages a massive legacy portfolio while establishing its independent identity. The collision of legacy "carry" structures and new fund mandates is reshaping the team's internal power dynamics and investment philosophy.
Vichaarak Perspective
Peak XV is essentially a "Decacorn Venture Boutique" trying to forget its parentage. The real struggle here isn't finding the next unicorn; it's the "Cleanup of the Old Guard." For years, Sequoia's brand was a safety net for founders and partners alike. Now, Peak XV must prove that its 'Alpha' was indigenous, not just imported from Menlo Park. The "collision" mentioned is a natural byproduct of a fund that is too big to be nimble but too young to be a legacy institution. In the venture world, the hardest thing to innovate is the partnership agreement itself.