peak xv partners

Bengaluru-based Scapia, a travel-fintech innovator, has secured $63 million in a funding round led by General Catalyst. This capital infusion will fuel the expansion of its integrated travel and financial services, including co-branded credit cards and AI-driven product development. The company aims to enhance user experience across bookings and payments, with domestic travel bookings showing significant growth.

Three former peak xv partners managing directors are launching Mettle Capital. Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma have formed an equal partnership. This structure is uncommon in Indian venture capital. The firm aims for transparency in governance and economics. Mettle Capital plans to invest in Series A and Series B startups. They are targeting a corpus of $350-400 million.

Groww's founders have divested approximately 0.23% of their stake, a transaction valued between Rs 250-260 crore. This significant liquidity event for the promoters follows early investors selling holdings post-IPO lock-in. The wealthtech firm's shareholding saw a shift, with promoter holdings decreasing and public shareholding increasing. Groww's market valuation has surged considerably since its November 2025 listing.

Bengaluru-based employee health benefits platform Plum has secured Rs 193 crore in a funding round led by peak xv partners. This capital infusion will fuel enhancements in their insurance and healthcare platform, focusing on claims experience, distribution expansion, and broader healthcare offerings.

Peak XV, in a separate blog post, said it “mutually decided to part ways” with Agrawal, adding that Mittal and Sharma chose to join him. The firm did not disclose details of the new fund or its investment strategy. Together, the exits have thinned Peak XV’s mid-generation leadership bench. Agrawal was part of the venture investing team and led several early bets, including Groww, alongside investments across fintech, education finance, healthcare, and SaaS.

Bengaluru-based AI entertainment startup Dashverse secured $13 million in Series A funding led by peak xv partners, fueled by the rapid success of its microdrama app, DashReels, which achieved over 5 million downloads in its first month.

Wealth and Asset Management startup Neo has secured $35 million in funding from peak xv partners. The investment will support the company's growth initiatives, expansion of its Wealth and Asset Management businesses, and hiring top talent. Neo, which serves high-net-worth individuals in India, aims to address the gaps in the country's wealth management industry and shortage of expert wealth managers. The company currently has over 1,000 clients and manages over $3 billion in assets.

Travel fintech startup Scapia has raised $40 million in a Series B round led by peak xv partners, with support from existing investors. The funding aims to boost team expansion, product development, and AI investment. Scapia targets younger consumers with its co-branded credit card, integrating travel bookings and financial tools.

India's capital markets are demonstrating remarkable resilience, driven by robust domestic investor support, which is enabling a surge of startups to go public. This trend provides crucial liquidity for venture capitalists like peak xv partners, allowing them to exit investments. Peak XV, post-Sequoia split, is expanding globally while continuing to bet on Indian consumer, fintech, software, and AI sectors.

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Byju's founder Byju Raveendran addressed various issues, including major setbacks, investor exits, and disputes, revealing that Byju's current worth is zero. He plans to repay the company's outstanding debts but faces challenges due to aggressive lender tactics. Despite hurdles, he remains committed to teaching and has future plans to return to India.