Piyush Gupta, managing director of Peak XV Partners, is reportedly departing the company at the end of this month. Sources close to the situation claim that Gupta is launching a fund with a secondary focus after leaving Peak XV.
Gupta asserts that he participated in secondary market transactions while at Peak XV, including the sale of the company’s stock in Zomato and Mastercard’s investment in Pine Labs, which is supported by Peak XV. Techcrunch was the first to report on the development.
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Gupta led the strategy development team at the well-known venture company Sequoia Capital India & SEA before joining Peak XV in 2017. Before joining Peak XV, he spent more than ten years concentrating on M&A and IPOs at Morgan Stanley and Deutsche Bank.
Gupta’s goals to introduce a fund with a secondary emphasis coincide with investor pressure to pull out of some of their more established investments.
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