TLDR:
- Piyush Gupta, senior operating leader at Peak XV, is leaving the venture capital firm by the end of April.
- Gupta plans to launch a secondary-focused fund.
VC firm Peak XV’s senior operating leader, Piyush Gupta, who assisted portfolio companies with fundraising, M&A, and public issues, is departing the company at the end of April. Gupta, who joined Peak XV in 2017 as Managing Director-strategic development, has been involved in significant deals during his tenure. He played a crucial role in various transactions, including Peak XV’s stake sale in Zomato, Mastercard’s investment in Peak XV-backed Pine Labs, and securing investments for CarDekho and Byju’s. Gupta, although not an investing partner, was instrumental in handling secondary market deals at Peak XV. Now, Gupta is set to start a secondary-focused fund, aligning with the growing trend of secondary transactions in India as investors seek exits from older investments.
This move marks a significant transition for Gupta, who brings a wealth of experience from his tenure at Peak XV and previous roles at Morgan Stanley and Deutsche Bank. His involvement in high-profile deals underscores his expertise in the venture capital landscape. The decision to launch a secondary-focused fund suggests Gupta’s strategic vision for the future of investing in India’s dynamic market.
