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The invite-only Peak XV "Founder Retreat" is planned for August 18-19 in the tech hub of Bengaluru, dubbed as the country's Silicon Valley and the base of many startups.
Sequoia's split is expected to be done no later than March 2024. The parts will be headed by Roelof Botha, Neil Shen and Shailendra Singh respectively.
The profit pooling with Sequoia US will cease to exist post the rebranding. Peak XV will also likely enter the US to help Indian startups expand in the country, an indication that the India division will be run completely independent of Sequoia US.