peak xv partners

Bengaluru-based employee health benefits platform Plum has secured Rs 193 crore in a funding round led by peak xv partners. This capital infusion will fuel enhancements in their insurance and healthcare platform, focusing on claims experience, distribution expansion, and broader healthcare offerings.

Peak XV, in a separate blog post, said it “mutually decided to part ways” with Agrawal, adding that Mittal and Sharma chose to join him. The firm did not disclose details of the new fund or its investment strategy. Together, the exits have thinned Peak XV’s mid-generation leadership bench. Agrawal was part of the venture investing team and led several early bets, including Groww, alongside investments across fintech, education finance, healthcare, and SaaS.

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Wealth and Asset Management startup Neo has secured $35 million in funding from peak xv partners. The investment will support the company's growth initiatives, expansion of its Wealth and Asset Management businesses, and hiring top talent. Neo, which serves high-net-worth individuals in India, aims to address the gaps in the country's wealth management industry and shortage of expert wealth managers. The company currently has over 1,000 clients and manages over $3 billion in assets.

Travel fintech startup Scapia has raised $40 million in a Series B round led by peak xv partners, with support from existing investors. The funding aims to boost team expansion, product development, and AI investment. Scapia targets younger consumers with its co-branded credit card, integrating travel bookings and financial tools.

Bengaluru-based AI entertainment startup Dashverse secured $13 million in Series A funding led by peak xv partners, fueled by the rapid success of its microdrama app, DashReels, which achieved over 5 million downloads in its first month.

India's capital markets are demonstrating remarkable resilience, driven by robust domestic investor support, which is enabling a surge of startups to go public. This trend provides crucial liquidity for venture capitalists like peak xv partners, allowing them to exit investments. Peak XV, post-Sequoia split, is expanding globally while continuing to bet on Indian consumer, fintech, software, and AI sectors.

Byju's founder Byju Raveendran addressed various issues, including major setbacks, investor exits, and disputes, revealing that Byju's current worth is zero. He plans to repay the company's outstanding debts but faces challenges due to aggressive lender tactics. Despite hurdles, he remains committed to teaching and has future plans to return to India.

Three Indian startups are set to go public this week, marking a significant trend for investor exits. Early backers like peak xv partners are realizing substantial returns, with Pine Labs and Groww poised for strong performances. This IPO boom signals a dominant exit strategy for venture capital firms in the burgeoning new-age tech market.