TLDR:
– Piyush Gupta, managing director at Peak XV Partners, is leaving the venture capital firm to launch his own fund focusing on secondary transactions.
– Gupta has been involved in significant secondary stake sales and public market deals for Peak XV, including companies like Zomato, Go Colours, Pine Labs, and Indigo Paints.
Peak XV Partners’ managing director Piyush Gupta is set to leave the venture capital firm to start his own fund specializing in secondary transactions. Gupta, based in Singapore, has been instrumental in leading the team that aids Peak XV’s portfolio companies with fundraising, mergers and acquisitions, and initial public offerings. His departure comes after Peak XV split from Sequoia Capital in 2023.
Gupta’s decision to launch a fund focusing on secondary transactions aligns with the current trend in the venture investment ecosystem, which is witnessing an increase in such deals. These transactions involve investors trading stakes without capital entering the company directly. Gupta has prior experience with significant secondary stake sales and public market deals at Peak XV involving companies like Zomato, Go Colours, Pine Labs, and Indigo Paints.
On March 12, it was reported that Peak XV was establishing a new vehicle backed by its internal pool of capital, allowing the firm’s partners and senior leaders to invest in a wider range of opportunities. This permanent capital vehicle will enable partners to expand and invest across different regions, strategies, and sectors without competing with Peak XV’s current approach.
