Explore the latest news, in-depth reports, and executive analysis tagged with #Exit.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The latest sale comes just days after Actis offloaded another 0.86% stake in Pine Labs for about Rs 152 crore.
Kumar launched Setu in 2018 alongside Sahil Kini after previously cofounding customer feedback startup Voyce.
The investment platform generated a combined internal rate of return (IRR) of 41% along with a 2.86x money multiple from the 16 exits in FY26.
The partial exit was facilitated through a secondary sale to the company's existing investors.
The founders of PensionBox, Kuldeep Parashar and Shivam Parashar, will collectively retain 48% stake in the company following the acquisition.
The coordinated exit of Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma comes at a time when Peak XV is in the middle of closing its first fully independent fund of $1.2-$1.5 billion.
AI and deep tech will continue to dominate the fund’s thesis, perhaps even more strongly than before.
The exit from HBOX was facilitated after the startup secured growth capital from Charlesbank Technology Opportunities Fund.
Fresh from raising a $250mn fund, Fireside says it's not betting on AI models or power-law outliers, but on India becoming the AI use-case capital.
The media company has also alleged that Perplexity's AI agent Comet is also scraping its paywalled content.
The Limited Partners (LPs), or investors, in the fund include prominent technology leaders such as Aravind Srinivas, co-founder and CEO, Perplexity.
In this edition, we look at how Paytm's investor ledger is the most powerful case study; and how VCs are chasing a new segment in the AI space, thanks to Dunzo's Kabeer Biswas.
These share sale comes days after Elevation Capital, formerly known as SAIF Partners, trimmed its stake in Paytm.
The venture capital firm continues to hold over a 13% stake, which is valued at over Rs 11,000 crore, in Paytm.
The funding round was led by Goldman Sachs Alternatives, part of Goldman Sachs Alternatives, and A91 Partners.
In response, Perplexity has termed Amazon's letter as a "threat to all internet users".
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
