Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led Southeast Asian investments, are departing, said the sources, who wished not to be identified discussing private matters.<\/p>\n
The exits follow Peak XV’s October move to reduce its fund size to $2.4 billion from $2.85 billion and lower management fees, reflecting growing caution in India\u2019s venture market after years of soaring valuations.<\/p>\n Peak XV stated at the time it was reducing the size of its fund to become more \u201caligned\u201d with its limited partners. Peak XV did not respond to requests for comment.<\/p>\n Lakhani has been behind several successful investments for Peak XV, including beauty brand Minimalist, which last month sold to Hindustan Unilever for $350 million, and public listings of Ixigo and Truecaller. At least three of his portfolio companies \u2013 Zetwerk, Capillary and Porter \u2013 are preparing for initial public offerings within 12-15 months, TechCrunch has reported<\/a>. His other backings include OneCard, Polygon, CoinSwitch, HealthKart, and CarDekho.<\/p>\n Anand\u2019s portfolio includes edtech startup Cuemath, trade platform Openborder, Indonesian e-commerce company Ula and online grocer Grofers (since sold to Zomato and now the top quick commerce firm in India). Anand joined the firm 12 years ago.<\/p>\n The two will continue to hold some of their existing board positions, other people familiar with the matter said.<\/p>\n The two exits add to a series of departures at Peak XV, which split from Sequoia in mid-2023. That split, the firms said, was driven by the need to avoid conflicts amid rising US-China tensions. Peak XV, formerly Sequoia Capital India, rebranded and became independent while retaining the largest venture capital operation in India and Southeast Asia.<\/p>\n The firm still has 10 managing directors overseeing more than 400 portfolio companies, including 50-plus unicorns. <\/p>\n The changes come as India\u2019s venture industry faces a cooldown after years of aggressive growth. Investors have grown more selective, emphasizing profitability over the growth-at-all-costs model that dominated during the bull run.<\/p>\n\n Four senior partners are leaving Peak XV, the largest India-focused venture capital firm, according to sources familiar with the matter who wished not to be identified discussing private matters. Shailesh…<\/p>\n","protected":false},"author":0,"featured_media":4433,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[208,1259],"class_list":["post-4432","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-india","tag-peak-xv-partners"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/02\/Peak-XV-Exits.jpeg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/4432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=4432"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/4432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/4433"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=4432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=4432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=4432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"