Two senior partners, Shailesh Lakhani and Abheek Anand, are departing Peak XV, India’s largest venture capital firm. Their exits come after the firm reduced its fund size to $2.4 billion amid increasing caution in India’s venture capital market. Lakhani has been instrumental in notable successes, such as the sale of Minimalist to Hindustan Unilever, while Anand's portfolio includes various startups across sectors. Their departures add to a list of exits at Peak XV since its split from Sequoia in 2023, aimed at reducing conflict amid U.S.-China tensions.
Lakhani has been behind several successful investments for Peak XV, including beauty brand Minimalist, which last month sold to Hindustan Unilever for $350 million.
Peak XV said at the time that it was trimming the size of its fund to become more "deeply aligned" with its limited partners.
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