Former members of Peak XV, previously known as Sequoia Capital India, have joined forces to establish Ambition Capital, a Bengaluru-based early-stage fund aimed at supporting seed and series A startups. Shailesh Lakhani, Harshjit Sethi, and Mayank Porwal, the key figures behind this initiative, plan to focus on backing startups in consumer tech, AI, deep tech, and fintech sectors, leveraging their expertise in these domains.
This move marks a strategic shift towards nurturing innovation at its inception, providing crucial support and funding to promising startups in the tech landscape. With a target of raising $250 million, Ambition Capital is poised to play a significant role in shaping the future of early-stage tech ventures, fostering growth and development in key technology sectors.
Source: Tech-Economic Times