Peak XV Partners (formerly Sequoia Capital India & SEA), through its fund Sequoia Capital India Investments IV, has totally exited its investment in Go Fashion selling its over 10 per cent stake in the apparel brand in bulk deals worth ₹624.8 crore.

Sequoia had invested in Go Fashion in 2014 and the women’s apparel maker recently listed on the bourses, providing it with an exit opportunity. Buyers included ICICI Prudential Life insurance, BNP Paribas, Kuwait Investment Authority and Société Generale, exchange data showed.

This marks the venture capital fund’s first exit in India following the recent announcement by Sequoia Capital to separate its US, India, and China operations into distinct entities. The Indian branch has now been rebranded as Peak XV Partners, led by Shailendra Singh, formerly the Managing Director of Sequoia Capital India & SEA, before the split. With $9 billion in assets under management and $2.5 billion in uninvested capital, Peak XV Partners oversees the Indian operations, while the China arm manages a significantly larger asset portfolio of $56 billion.