Mumbai, Nov. 18 -- Riding on its outsized successes of being one of the earliest backers of recently listed firms such as Groww and Pinelabs, India-focused venture capital firm Peak XV is building its strategy for the next decade. Estimates suggest the firm has taken home more than $3.5 billion in exits over the past 24-30 months, clocking more than 10x returns. A large part of this has come from the listing of its marquee portfolio companies, such as Mamaearth, GoDigit, Awfis, Ixigo, Bluestone and Mobikwik.

Marking two decades of its existence in India, Peak XV (formerly Sequoia Capital India) plans to continue backing category-defining companies and corner large stakes by doubling down. In an interview with Mint, Shailendra Singh, mana...