TLDR:
- Piyush Gupta, managing director at Peak XV, is leaving to start a secondary-focused VC fund.
- Gupta has been with Peak XV since June 2017.
In a surprising move, Piyush Gupta, who served as the managing director of strategic development at Peak XV, has announced his departure to start a secondary-focused VC fund. Gupta, who has been with Peak XV since June 2017, is making this move to focus on secondary investments. This departure will mark a significant shift in the leadership at Peak XV, bringing about changes in the strategic direction of the firm.
During his time at Peak XV, Gupta played a key role in the firm’s strategic development, contributing significantly to its growth and success. His departure is expected to have an impact on the firm’s future investment strategies and portfolio management. Gupta’s decision to start a secondary-focused VC fund highlights the growing importance and potential of secondary investments in the current market scenario.
This move by Gupta reflects the increasing interest in secondary investments among investors and VC firms. It also underscores the evolving landscape of the venture capital industry, with a greater emphasis on diversification and risk management. Gupta’s new venture is likely to attract attention and interest from investors looking to explore opportunities in the secondary market.
Overall, Gupta’s decision to leave Peak XV and start a secondary-focused VC fund marks a significant development in the industry, signaling a shift towards alternative investment strategies and a focus on new opportunities in the market.
