PEAK XV PARTNERS ADVISORS INDIA LLP & ANR. vs JOHN DOE & ORS.

Judgment text excerpt

$~26 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of decision: 26th March, 2025 + CS(COMM) 71/2024 with I.A. 1822/2024 PEAK XV PARTNERS ADVISORS INDIA LLP & ANR. .....Plaintiffs Through: Mr. Akshay Maloo, Mr. Yatinder Garg and Ms. Astha Sehgal, Advocates. versus JOHN DOE & ORS. .....Defendants Through: Mr. Vedansh Anand, Advocate. CORAM: HON'BLE MR. JUSTICE AMIT BANSAL AMIT BANSAL, J. (Oral) 1. The present suit has been filed seeking relief of permanent injunction restraining the defendants from passing off the trademark, along with other ancillary reliefs. CASE SETUP IN THE PLAINT 2. Plaintiff no. 1, Peak XV Partners Advisors India LLP, formerly Sequoia Capital India LLP, is a venture capital and investment advisory firm that advises foreign funds investing in India and Southeast Asia under the brand ‘PEAK XV PARTNERS’. 3. Plaintiff no. 2, Peak XV Partners Operations LLC, formerly Sequoia Capital India Operations II LLC, is a Mauritius-based company regulated by Signature Not Verified Digitally Signed CS(COMM) 71/2024 Page 1 of 10 By:VIVEK MISHRA Signing Date:01.04.2025 16:44:13 the Mauritius Financial Services Commission as an ‘Investment Advisor (Restricted)’. 4. The plaintiffs provide investment advisory services to funds supporting startups across various sectors, including artificial intelligence, machine learning fintech, health-tech, climate-tech etc. across India and SouthEast Asia. 5. The plaintiff no.1 started its operations in India in 2006 as ‘Sequoia Capital India’, as an authorized user of ‘Sequoia Capital’. In June 2023, Sequoia Capital & SEA was rebranded to PEAK XV PARTNERS. 6. It is stated that the brand name ‘PEAK XV’ is inspired by the original moniker given to Mount Everest in the 1850s by the British Survey before it was officially renamed. Fo