Senior partners leave the peak xv amid the transformation of the strategy

Two senior partners on PEAK XV, one of the largest investment capital companies in the world, said, and four sources familiar with the Techcrunch matter.

The sources, who demanded anonymity, said that Shilsh Lacany, the 17 -year -old veteran in the company, and Abyck Anand, who participated in Southeast Asian investments, are leaving.

PEAK XV did not immediately respond to the suspension requests.

The exits follow the decision of Peak XV in October to It reduced the volume of its fund by more than $ 400 million to $ 2.40 billion Reducing management fees and movements that reflect the increasing caution in the project market in India after years of high reviews.

At that time, Peak XV said it cuts the box to “more compatible” with its limited partners.

Lakhani (in the picture above, on the left) was behind many successful investments for Peak XV, including Minimalist Beauty Minimalist, which was sold last month to Hindustan Unilever for $ 350 million, as well as IXIGO and Truecaller, both of whom were publicly. At least three companies led by investments – zetWerk, capillaries and portrait – Preparation for subscriptions, subscriptions Within 12-15 months. Other companies that bring it to the peak of XV OneCard, Polygon, Coinswitch, Healthkart and Cardekho.

“Since my time in Peak XV/Sequoia India is 17.5 years old, I decided that this is the right moment to back down from the company. It was an incredible journey – the journey that started in August 2007 was when the ecosystem to start operating in India was in its cradle. To this day, it stands as one of the most vital activity in the world. books In a tweet after publishing this story.

Anand led investments at Edtech Startup Cueemath, Sun after Fast trade in India). Anand joined the company 12 years ago.

The two will continue to keep some of the current representatives of the Board of Directors.

The two directors are the latest in a series of departure in Peak XV, which separated from Sequoia in mid -2013. The companies said this division was driven by the need to avoid conflicts amid the rising United States of the United States. The PEAK XV, previously known as Sequoia Capital India, was renamed, and became independent while keeping the largest investment capital process in India and Southeast Asia.

The company still has 10 administrative managers who oversee more than 400 portfolio companies, which include more than 50 lonely.

The changes come at a time when the adventure industry in India is slowing down after years of aggressive growth. Investors grew more selective, focusing on profitability on the growth model in all growth that dominated the bulls that followed the Covid-19.