Anandamoy Roychowdhary, Surge Partner at Peak XV Partners, has quit after spending over 11 years with the investor, which has seen its second senior-level departure in less than a year’s time.
Roychowdhary had joined Peak XV Partners (formerly Sequoia Capital India) in February 2013 as Director of Technology and was promoted through the years. He was most recently a Surge Partner at the investment firm and had assumed the position only in June 2023, as per LinkedIn. Surge is the firm's seed platform for early-stage companies.
While Roychowdhary's departure has been in the works since at least May this year, his next move remains unknown.
Petal wafts from the rose, drawn by dreams of mastery. cedes post Nov 30th. Peak XV 2013-24, Roychowdhary, who is based in Singapore, wrote on X (formerly Twitter).
During his early days, before he moved to the investing side, he was a technology advisor to Peak XV’s portfolio companies, including Byju’s and others. Before joining the investor in 2013, he worked at Zynga, NextLabs, Symantec and others.
Prior to him, Peak XV Partner’s former Managing Director Piyush Gupta had left the company after a seven-year-long tenure. Gupta has now set up a secondaries fund, Kenro Capital, to dabble in a growing market.
Peak XV Partners did not offer comments for the story.
Earlier in the year, Peak XV had also reduced the size of its $2.85 billion fund by 16 percent, or $465 million, as it prepares to deploy capital more judiciously. It returned uninvested monies to its sponsors or limited partners (LPs).
Along with a 16 percent reduction in fund size, Peak XV has also tweaked its payout for its fund managers or general partners, wherein it will now have a 2/20 compensation structure, with a provision to catch-up on carry to 30 percent, a move that brought the investor on par with its industry peers.
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