Latest News | Two Managing Partners of Peak XV Quit
Get latest articles and stories on Latest News at LatestLY. Two managing partners at venture capital Peak XV (formerly Sequoia India), Shailesh Lakhani and Abheek Anand, have quit the firm.
New Delhi, Feb 11 (PTI) Two managing partners at venture capital Peak XV (formerly Sequoia India), Shailesh Lakhani and Abheek Anand, have quit the firm.
Lakhani quit the firm after putting in more than 17 years while Anand worked with the Peak XV for about 12 years.
An email query sent to Peak XV elicited no reply.
"As my time at Peak XV/Sequoia India reaches 17.5 years, I've decided it's the right moment to step back from the firm," Lakhani said. "It has been an incredible journey—one that began in August 2007, when India's startup ecosystem was in its infancy, to today, where it stands as one of the most vibrant in the world. I wouldn't have traded this courtside seat for anything."
Lakhani cited personal reasons for quitting the firm to give more time to himself and his family.
"Maybe finally fix my sleep score, read some classics, and embrace the joy of unstructured time. At home, our boys are growing up fast, and they deserve more of my presence (and a lot more math homework). And professionally, I've reached the goals that I once set for myself, leaving me with both deep gratitude and a pull toward new challenges—ones I have yet to define but can't wait to explore," Lakhani said.
During his stint at Peak XV, Lakhani represented the firm in investments that were made in Minimalist, Ixigo, Truecaller, Zetwerk, Capillary, Porter, CoinSwitch, HealthKart etc.
In a social media post, Anand expressed his interest in starting his own venture after taking a break to spend time with family and reconnecting with old friends and colleagues.
"I'm taking some time to recharge and spend quality time with my family—the first real career break I've ever had. Before I was an investor, I was a founder. Now, I'm excited to return to building—at the intersection of these worlds," Anand said.
He has represented Peak XV in companies such as payments firm Sunrate, travel fintech Slice, trade platform Openborder, AI co Appier, and digital wealth manager Stashaway etc.
With these exits, Peak XV will be left with 10 managing partners which is being steered by IT industry veteran Rajan Anandan as its managing director.
In the last six months, Peak XV has seen several senior leaders move out of the firm to pursue new opportunities and start their ventures.
Former Peak XV Chief Marketing Officer Gayatri Vasudeva Yadav moved out of the firm to join Reliance Industries Chairman's office as Group CMO and EVP Strategic Initiatives.
Piyush Gupta who led the strategic development team at Peak XV left the firm to start his own firm Kenro Capital. Immediately after Gupta's exit.
Peak XV investment team member in the Surge team Anandamoy Roychowdhary also left the firm.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)