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Metaforms raises $9 Mn from Peak XV, Nexus and Together Fund

EntrackrEntrackr ยท 2d ago
Metaforms raises $9 Mn from Peak XV, Nexus and Together Fund
Medial

Bengaluru-based AI startup Metaforms has raised $9 million in a Series A funding round led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. The proceeds will be used to triple its engineering and AI research team in Bengaluru, expand into report generation and voice-based research, and integrate further with research tools like Decipher, SPSS, and Confirmit. Founded in 2022 by Akshat Tyagi and Arjun S, Metaforms builds AI agents that automate workflows for market research agencies, enabling them to scale operations and improve turnaround times. Its AI agents automate survey programming, data processing, and vendor coordination. "When research agencies grow, better business decisions get made," said Akshat Tyagi, co-founder and CEO of Metaforms. "We're not here to replace the humans in the loop. We're here to give them leverage." Since launching commercially, the firm claims to have onboarded four of the top 20 global research agencies, including Strat7, and currently processes over 1,000 surveys per month. It aims to process over 100,000 surveys annually in the long term.

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Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr ยท 4m 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. โ€œShraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,โ€ 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 Indiaโ€™s golden digital decade and our founders now have true belief to create the worldโ€™s best companies from India," said Thakur in a Linkedin post. Last month, Peak XVโ€™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.

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