Peak XV’s female-focused program picks 14 startups for new cohort

Photo Credit: Peak XV

Peak XV‘s Spark Fellowship, a four-month program aimed at supporting early-stage startups helmed by women entrepreneurs, has announced its latest cohort.

A total of 14 companies and 16 female founders were selected for Spark 03. They will receive a US$100,000 equity-free grant, mentorship from industry experts, access to a strong founder community, and over US$1 million in valuable resources.

While some startups in Spark’s third batch are working in areas such as SaaS, B2B, and consumer products, half are focused on AI. Among them are RaptorX, an AI-powered fraud detection and prevention platform for businesses, and Soulside, which specializes in mental health.

In the last three years, Spark has built a portfolio of 48 founders and 41 startups across 10 sectors.

Meanwhile, Peak XV has US$9 billion in managed capital across 13 funds. The VC firm – formerly known as Sequoia Capital India and Southeast Asia – has invested in more than 400 companies. Its portfolio features 20 IPOs and has produced US$4.6 billion in realized exits.

See also: Wish for tech winter to last longer: Peak XV’s Shailendra Singh