Piyush Gupta, operating leader at Peak XV Partners, is leaving the firm at the end of this month to start his own fund, as reported by TechCrunch.
Gupta joined Peak XV in 2017, leading the venture firm’s strategic development team. Prior to that, he held roles focusing on mergers, acquisitions, and IPOs at Morgan Stanley and Deutsche Bank for over a decade.
Although not an investing partner at Peak XV, Gupta played a crucial role in programs like Pitstop, where global investors engage with Peak XV’s portfolio startups annually.
Gupta’s bio on Peak XV highlights the firm’s involvement in guiding companies from pre to post IPO stages, emphasizing the importance of preparation for long-term success.
Peak XV Partners announced Gupta’s departure to limited partners at their annual gathering, unveiling plans for a perpetual fund backed by investment partners and extended team.
Gupta is set to launch a secondary-focused fund, maintaining a positive relationship with Peak XV to facilitate transactions at their portfolio companies.
Secondary transactions are gaining traction in India, with Peak XV having successful exits through such deals. The firm’s holdings in companies like Mamaearth, Zomato, and K12 Techno Services have shown strong returns.
Recent reports indicate that SentinelOne acquired PingSafe, a startup backed by Peak XV’s Surge, for over $100 million, demonstrating the potential for significant returns on early-stage investments in India.
