Peak XV Partners, India’s largest VC firm, has appointed former Fractal executive Shelly Singh as an operating partner in its San Francisco office. The move signals a sharpened focus on US deals, particularly artificial intelligence, and places an operator-led lens on supporting founders. Singh, previously Fractal’s chief growth officer and a founder of Samya.ai, will help portfolio companies drive go-to-market acceleration, growth strategy, and organizational design. The appointment follows Peak XV’s increasing US investments after its separation from Sequoia.
Three former Peak XV Partners have launched Mettle Capital, targeting a $350–400 million venture fund to back Indian startups. The firm will focus mainly on Series A and B rounds, with selective seed investments. After aiming to close fundraising within the next quarter, it expects to start deploying capital by September–October.
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Peak XV Partners has completed an exit from One MobiKwik Systems via a block deal valued at over Rs 1.30 billion. The transaction marks a major liquidity event for the fintech startup’s investors, signaling continued reshuffling in India’s payments and digital credit landscape. The deal value underscores how quickly stakes can change hands in the VC-backed space.
In an ET Prime interview, Rajan Anandan of Peak XV Partners says India’s climate-tech opportunity is large and the firm is actively focused on it. He also expects more science-backed companies to emerge and warns that recent governance lapses in some startups can shape investor trust and outcomes. The message: climate bets require strong execution and oversight.
Dunzo cofounder Kabeer Biswas has launched M, an AI concierge startup focused on automating household tasks. The company has raised Rs 102 crore led by Peak XV Partners with participation from Blume Ventures and Cred. The move comes after Biswas’s exit from Flipkart, signaling a fresh push into everyday AI-driven services.
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