Peak XV Partners is undergoing a significant overhaul of its Surge program, which was initially modeled after Y Combinator. Following the departure of key executives and a strategic reevaluation, Surge will now operate with a single annual cohort instead of two. The total seed funding pool has been revised to around $225 million, down from $300 million in 2022. This restructuring aligns with broader trends in the venture capital landscape, as firms like Accel and Lightspeed also adjust their seed programs. In a parallel development, digital lenders in India have shown strong financial performance in FY26, with Kreditbee leading with a net profit of ₹478 crore ($57.5 million), up from ₹221 crore the previous year. Other fintechs, such as Fibe and Navi, also reported significant revenue and profit growth, indicating resilience in the sector despite economic headwinds. Additionally, Simple Energy, an electric scooter manufacturer, has raised ₹250 crore ($30 million) to expand production and aims for an IPO by FY28.