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Peak XV alumni to launch Ambition Capital targeting $250 Mn early-stage fund: Report

Entrackr

Entrackr · 21h ago

Peak XV alumni to launch Ambition Capital targeting $250 Mn early-stage fund: Report

URL: https://entrackr.com/snippets/peak-xv-alumni-to-launch-ambition-capital-targeting-250-mn-early-stage-fund-report-11216418 Content: Former executives of Peak XV Partners are reportedly launching a new venture capital firm, Ambition Capital, which aims to raise $250 million for early-stage investments. The fund is being set up by Shailesh Lakhani and Harshjit Sethi, former managing directors at Peak XV, along with Mayank Porwal. Based in Bengaluru, Ambition Capital plans to invest in seed and Series A startups across sectors including AI, fintech, deeptech, and consumer technology. The firm expects to make around 26-30 investments from the fund, focusing on themes such as digital sovereignty and India-focused innovation.

Related News

Peak XV, Hero Future, Country Delight, AGS Health, and JPMorgan in news

VCCircle

VCCircle · 10m ago

Peak XV, Hero Future, Country Delight, AGS Health, and JPMorgan in news

Venture capital firm Peak XV Partners plans to raise its first independent fund since parting ways with Sequoia Capital, targeting $1.2-1.4 billion for early-stage investments in India and Southeast Asia. This strategic move highlights the firm's ambition to capitalize on emerging opportunities in the region. Meanwhile, Hero Future, Country Delight, AGS Health, and JPMorgan also feature in industry news, indicating diverse developments in sectors such as renewable energy, consumer goods, and financial services.

Former Peak XV leaders launch Ambition Capital, aim to support 30 startups: Report

IndianStartupNews

IndianStartupNews · 21h ago

Former Peak XV leaders launch Ambition Capital, aim to support 30 startups: Report

Former Peak XV leaders have launched Ambition Capital, a new investment firm in Bengaluru, aiming to raise $250 million to support early-stage startups in India. Founded by Shailesh Lakhani, Harshjit Sethi, and Mayank Porwal, the firm plans to invest in 26 to 30 startups across sectors like AI, fintech, and consumer technology. This move reflects a trend of senior investors forming independent funds, with a focus on India-focused innovation and digital sovereignty.

Sauce VC logs final close of Rs 750-crore opportunities fund - The Economic Times

Economic Times

Economic Times · 19d ago

Sauce VC logs final close of Rs 750-crore opportunities fund - The Economic Times

Sauce VC has closed a Rs 750 crore fund to support high-growth consumer brands, aiding four to five startups from its early-stage portfolio, such as Hocco and Mokobara. This fund allows writing larger cheques of up to Rs 250 crore, targeting long-term partnerships with promising companies. International and domestic institutions contributed approximately Rs 600 crore and Rs 160 crore, respectively. Sauce plans to launch a new early-stage fund in the Rs 350-450 crore range.

Peak XV to launch perpetual ‘Anchor Fund’ backed by its partners, team members

IndianStartupNews

IndianStartupNews · 2y ago

Peak XV to launch perpetual ‘Anchor Fund’ backed by its partners, team members

Peak XV Partners, a venture capital firm, is introducing the Peak XV Anchor Fund, a permanent capital vehicle that allows the firm's leaders and team members to invest in future funds and collaborate with other fund managers. The fund aims to institutionalize internal funding and deepen the commitment and alignment of Peak XV managers with the firm's investment strategies. Unlike similar funds, the Anchor Fund will exclusively source its capital from the firm's partners and team members, with a focus on investing in global seed and early-stage venture funds. This move follows Peak XV's separation from Sequoia Capital and positions the firm as a major player in the startup ecosystem.

Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split

Economic Times

Economic Times · 10m ago

Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split

Peak XV Partners, formerly part of Sequoia Capital, aims to raise a $1.2-1.4 billion independent fund to invest in early-stage ventures in India and Southeast Asia. The fund marks Peak XV's first since its Sequoia split and follows internal leadership changes amid a challenging VC funding environment. With prior successes backing firms like Zomato and Cred, Peak XV seeks to strengthen its position, expand to the US market, and capitalize on opportunities in AI and tech sectors.

Peak XV Partners raises $1.3 billion for first independent India fund post Sequoia split - The Economic Times

Economic Times

Economic Times · 24d ago

Peak XV Partners raises $1.3 billion for first independent India fund post Sequoia split - The Economic Times

Peak XV Partners raised a $1.3 billion fund, marking its first independent fund since splitting from Sequoia Capital. This fund consists of three vehicles aimed at seed and early-stage investments in India, and a pool for Asia Pacific startups. The firm, which has backed companies like Zomato and Meesho, is investing heavily in AI, fintech, and deeptech. Despite leadership changes, Peak XV maintains its cross-border investment strategy, especially focusing on the India-APAC corridor.

Peak XV's Piyush Gupta is leaving firm to start own secondary-focused VC fund

TechCrunch · 1y ago

Peak XV's Piyush Gupta is leaving firm to start own secondary-focused VC fund

Piyush Gupta, an operating leader at Peak XV Partners, is leaving the firm to start his own fund. Gupta played a crucial role at Peak XV, leading the strategic development team and contributing to programs like Pitstop. News of Gupta's departure was shared with limited partners at an annual meeting, where Peak XV also unveiled plans for a perpetual fund. Gupta plans to launch a secondary-focused fund, and Peak XV intends to work closely with him to facilitate transactions at its portfolio companies. Secondary transactions are becoming increasingly popular in India, and Peak XV has seen successful exits through such deals in the past.

Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

Inc42 · 1y ago

Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

GrowthCap Ventures, an early-stage venture capital fund led by former BharatPe chief business officer Pratekk Agarwaal, is aiming to close its debut fund at INR 50 crore ($6.7 million) within the next couple of months. Agarwaal said the fund has already secured 50% of its corpus and plans to invest in 10-12 early-stage startups this year. The fund will focus on fintech, software-as-a-service (SaaS), and deep tech sectors. Agarwaal also intends to launch a growth-stage VC fund called "Winners Fund" with a corpus of INR 250 crore ($33.5 million) next year.

Peak XV Partners, Temasek, PayPal, Mastercard among largest Pine Labs shareholders after IPO - The Economic Times

Economic Times

Economic Times · 4m ago

Peak XV Partners, Temasek, PayPal, Mastercard among largest Pine Labs shareholders after IPO - The Economic Times

Pine Labs has gone public with a market capitalization of Rs 28,000 crore. Peak XV Partners is the largest shareholder with a 16.6% stake, valued at Rs 4,656 crore. Temasek’s MacRitchie Investments holds 5.7%, and PayPal, Mastercard, and Actis each hold around 4-5%. CEO Amrish Rau owns 2.2%. Pine Labs shares rose 13%, trading at approximately Rs 250 post-IPO. Peak XV has realized significant gains from its early investment.

Former Sequoia India firm launches new fund for early ventures

Economic Times

Economic Times · 2y ago

Former Sequoia India firm launches new fund for early ventures

Peak XV Partners, previously known as Sequoia India & Southeast Asia, is launching a new fund called the Peak XV Anchor Fund. The fund will invest in global seed and early venture funds, as well as other investment opportunities outside of its existing portfolios. The Anchor Fund will be supported by an internal capital pool, and the firm plans to partner with other fund managers across various regions and sectors. The new fund aims to retain talent within Peak XV and will start investing in April. Previously, as part of Sequoia Capital, the firm raised $2.85 billion in 2022 for investments in Indian and Southeast Asian startups.

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