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Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr · 5m ago
Shraeyansh Thakur resigns from Peak XV after a decade
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.

Hot Stocks: Pick Shoppers Stop, Global Health, Oberoi Realty for healthy returns in short term

Money ControlMoney Control · 1y ago
Hot Stocks: Pick Shoppers Stop, Global Health, Oberoi Realty for healthy returns in short term
Medial

Technical analyst Om Mehra suggests buying three stocks for the short term. Shoppers Stop's stock has shown a recovery after a correction and is trading above the 20 SMA, indicating positive momentum. The stock has a target price of Rs 850 and a stop-loss at Rs 735. Global Health (Medanta) has found support at the 100 DMA and a breakout above Rs 1,218 could attract buying interest. The stock has a target price of Rs 1,310 and a stop-loss at Rs 1,130. Oberoi Realty's price is consolidating and has a strong base around Rs 1,320. A breakout above the falling trend line could resume bullishness in the stock. The target price is Rs 1,450 and the stop-loss is at Rs 1,310.

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