Senior partners leave the peak xv amid the transformation of the strategy

Two senior partners leave PEAK XV, the largest adventure capital company focusing on India, said four sources familiar with the matter for Techcrunch.

The sources, who requested not to identify the discussion of private matters, said that Shalish Lacany, the 17 -year -old veteran in the company, and Abyek Anand, who participated in the investments of Southeast Asia.

Track the October step for Peak XV to Reducing the size of his fund to $ 2.4 billion From $ 2.85 billion and reduce management fees, the moves that reflect the increasing caution in the project market in India after years of high reviews.

PEAK XV said at the time that it cuts the size of its box into “deeper compatible” with its limited partners. Peak XV did not respond to the suspension requests.

Lakhani was behind many successful investments of Peak XV, including Minimalist Beauty Minimalist, which was sold last month to Hindustan Unilever for $ 350 million, and general lists of IXIGO and Truecaller. At least three of its wallet companies-ZetWerk, Capillary and Porter-are preparing for primary public offers within 12-15 months, Have Techcrunch I mentioned earlier. Other pillars include OneCard, Polygon, Coinswitch, Healthkart and Cardekho.

Anand’s Startup Cuemath, OpenBorder, the Indonesian e -commerce company, and Grocer Grofers (since its sale to Zomato has now become the best fast commercial company in India). Anand joined the company 12 years ago.

The two will continue to keep some of the current representatives of the Board of Directors.

The two directors add to a series of departure at the Peak XV, which separated from Sequoia in mid -2013. The companies said that this division was driven by the need to avoid conflicts amid the US -emerging United States tensions. The PEAK XV, previously known as Sequoia Capital India, was renamed, and became independent while keeping the largest investment capital process in India and Southeast Asia.

The company still has 10 administrative managers who oversee more than 400 wallet companies, including 50 plus units.

The changes come at a time when the adventure industry in India is slowing down after years of aggressive growth. Investors grew more selective, focusing on profitability on the growth model in all the growth that dominated during the bull race.