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Peak XV Partners loses another exec as list of exits gets longer
VCCircle · 4m ago
Medial
Peak XV Partners is experiencing a notable turnover with the departure of Shraeyansh Thakur after more than nine years. Thakur, who was a principal at the venture capital firm, is pursuing a new entrepreneurial venture yet remains involved with the firm’s portfolio companies. This exit adds to a series of senior executive departures, following Anandamoy Roychowdhary, Shailesh Lakhani, Abheek Anand, and Piyush Gupta, amid Peak XV’s revised investment strategy and budget adjustments.
Shraeyansh Thakur resigns from Peak XV after a decade
Entrackr · 4m ago
Medial
Shraeyansh Thakur resigns from Peak XV after a decade During his tenure at Peak XV, he was board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, among others. Shraeyansh Thakur, an investor at Peak XV Partners, has resigned after nearly 10 years at the venture capital firm, sources told Entrackr. This marks the fifth high-profile exit from Peak XV in the past year. “Shraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,” said one of the sources requesting anonymity. Queries sent to Peak XV and Thakur did not elicit any response until publication of the story. "After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post. Last month, Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand, stepped down after serving for more than a decade. Prior to that, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after over 11 years at the firm, while Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has returned to Peak XV Partners after his three-and-a-half-year-old venture shut down. In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategic shift towards investing in a more measured manner amid elevated valuations in the Indian market. This development came a year after Sequoia Capital rebranded as Peak XV.
Peak XV nets Rs 1,200 Cr gain from Porter exit, marks 11X return
YourStory · 2m ago
Medial
Peak XV Partners gained over Rs 1,200 crore by fully exiting logistics startup Porter, marking an 11-fold return on its Rs 116 crore investment. This exit is part of Peak XV's strategy of cash exits, generating about $3.6 billion over five years. Porter's valuation, now over $1.2 billion, underscores the challenges of mega-fund math in India, pushing large funds to seek multiple unicorn-scale exits for meaningful returns. Peak XV plans to raise a $1.4 billion fund.
Peak XV VP-Growth Suraj Agarwalla exits firm, Vedant Trivedi moves onto portfolio company
YourStory · 2m ago
Medial
Suraj Agarwalla, Vice President at Peak XV Partners, has left the firm after seven years, amid several top-level exits, including Vedant Trivedi, who joined an AI portfolio company. This succession follows the departure of other key executives after Peak XV split from Sequoia Capital. The changes come as the firm reportedly plans to raise a $1.2-$1.4 billion India-focused fund and faces reduced fund sizes due to a slowdown in growth-stage funding.
Peak XV exits continue, human capital director Anirudh Bose Mullick steps down to start own venture
YourStory · 26d ago Medial
Anirudh Bose Mullick, the director of human capital at Peak XV Partners, has resigned after nearly 15 years to launch his company, Founders Fellows. This move is among several recent high-level departures from the venture capital firm, including Shailesh Lakhani and Abheek Anand. Founders Fellows aims to develop a web-based tool to help leadership teams assess core functions. Despite the exits, Peak XV anticipates substantial gains from upcoming IPOs of key portfolio companies.
ChrysCapital, Peak XV score multibagger returns from common portfolio firm
VCCircle · 7m ago
Medial
ChrysCapital and Peak XV Partners have successfully sold a common portfolio company, generating substantial returns from partial exits. Peak XV has recently achieved significant returns from another portfolio company, while also experiencing losses from BlackBuck, a logistics company.
‘We are defined by the choices we make…’: Peak XV downsizes growth fund in India by 16%
Business Today · 9m ago
Medial
- Peak XV Partners, formerly known as Sequoia Capital India, is downsizing its fund in India by 16% after achieving $1 billion in exits this year. - Despite the downsizing, Peak XV remains strongly committed to investing in India and South East Asia. - The venture capital firm is making strategic changes to better serve its multi-decade time horizon. - Peak XV is focusing on measured investments in its growth fund while maintaining its support for seed and venture stage opportunities. - The decision to downsize is intended to benefit the founders and limited partners in the long term. - Peak XV has a successful track record, managing over $9 billion in capital and investing in more than 400 companies across various sectors.
OYO's Early Investors Exit With Massive Returns Ahead of IPO
OutlookIndia · 6m ago
Medial
Early investors in OYO, including Peak XV Partners and Lightspeed Venture Partners, have been selling their stakes in the company, earning substantial returns as OYO prepares for its IPO. Peak XV Partners recently gained $80-90 million from selling part of its remaining stake, having previously made $500 million in exits. The current stake sales come at a valuation of $3.9 billion, with the IPO expected in March 2025 after concluding significant funding rounds following recent fundraising efforts.
Peak XV's Piyush Gupta is leaving firm to start own secondary-focused VC fund
TechCrunch · 1y ago
Medial
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.
Peak XV Pares Size Of Its Largest Fund By 16%, Slashes Fees
Inc42 · 9m ago
Medial
- Peak XV is investing cautiously in its growth fund, considering the high valuation in the Indian public market. - A portion of Peak XV's carried interest is linked to profit distributions in its growth and multi-stage funds. - Peak XV Partners achieved exits worth approximately $1.2 billion within 15 months of separating from parent company Sequoia. - The focus of Peak XV's investments is on measuring growth and expansion opportunities. - Peak XV has adapted its investment strategy to navigate the current market conditions effectively. - The company's goal is to generate returns by carefully selecting and supporting promising businesses.
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