Peak XV Raises Surge Seed Ceiling to $5M

Peak XV Partners lifted its Surge seed investment ceiling to $5 million per company, up from $3 million, and unveiled Surge 12, a cohort of 18 startups. The firm invested over $50 million across the batch, which has collectively raised more than $90 million in seed funding. Only five of the 18 target India, while 13 pursue global markets.