In a conversation with Moneycontrol ahead of the release of his memoir, former SoftBank executive Alok Sama talks about his days at the fabled tech conglomerate — and betting on companies such as WeWork, Paytm, Ola, OYO, Arm and Nvidia
Sources said that this permanent capital vehicle will have the Peak XV team's own capital and not raise any cash from LPs
“There's a ton of opportunity and we're just scratching the surface,” said the venture capitalist who led Sequoia Capital for over 25 years
The startup plans to utilise the funding towards product building and hiring across teams like product development, technology, analytics, and support functions.
Cofounder Aneesh Reddy said that the firm has reached the break-even stage and expects to have 10% more free cash in the next few quarters. The company reported an operating revenue of Rs 163.3 crore, up nearly 42 percent in FY22.
Peak XV head Shailendra Singh told Reuters in June that the firm’s "biggest challenge” after the split is to explain changes to founders.
The Peak XV Partners managing director says governance is not even negotiable. It is equal to reputation and good reputation translates to better investors, better value when you go public