Inside the fintech and financial services bets of Peak XV, Accel, Elevation
27 Apr 2026, 01:12 PMThese reports are the most comprehensive, portfolio-first examination of fintech and financial services playbook of Peak XV, Elevation and Accel to date.
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As part of our ongoing analysis of the fintech and financial services bets of venture capital firms, here are the first three VC reports that we have published.
These reports - brought to you by The Head and Tale - are the most comprehensive, portfolio-first examination of fintech and financial services playbook of Peak XV, Elevation and Accel to date. The reports track exits, acquisition outcomes, valuation arcs, and realised and unrealised returns across the firms' India bets. The reports also look at their potential break-out companies.
Published in January this year, you can access our Peak XV Partners (formerly Sequoia Capital India & Southeast Asia) report.
The latest ones are on Elevation Capital and Accel Partners.
Elevation’s fintech story never began with a grand thesis. Its first bet, on Paytm in 2007, was rooted in a mobile VAS play, not a conviction on digital finance. But even as that investment was still taking shape, the firm was simultaneously building exposure to financial services through early PIPE bets in listed companies and a timely, highly profitable position in NSE.
What followed was not a single breakout, but a layered strategy playing out across private and public markets at once. Today, that approach is translating into a steady exit engine.
Here you can access full report on Elevation Capital.
Meanwhile, Accel’s fintech journey has, so far, lacked the defining breakout that peers like Peak XV and Elevation Capital can point to. While those firms carried early bets such as Paytm and Pine Labs through to IPO-scale outcomes, Accel’s first wave of fintech investments has largely remained short of meaningful public market realisations. That, however, may be starting to change. With Moneyview filing its DRHP last month, Accel could finally be approaching its first clear fintech listing moment. If it materialises, it would mark an inflection point for a portfolio that has, until now, lagged despite the firm’s strong track record elsewhere.
Here you can access full report on Accel Partners.
[Please note that these reports are priced separately and not part of our ‘Subscription’ plans.]
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