A group of former executives from Peak XV Partners is launching a new venture capital firm, Ambition Capital. The firm, led by Shailesh Lakhani, Harshjit Sethi, and Mayank Porwal, aims to raise $250 million to invest in seed and Series A startups, particularly in sectors like AI, fintech, deeptech, and consumer technology.
Headquartered in Bengaluru, Ambition Capital plans to fund approximately 26-30 startups from its pool. The fund’s strategic focus includes supporting startups that develop technology solutions for both local and global markets, with a focus on themes of digital sovereignty and fostering India-centric innovation.
Shailesh Lakhani, with over 17 years of investment experience at Peak XV Partners, has a track record of backing successful startups like Minimalist, Ixigo, and Zetwerk. Additionally, other former Peak XV executives, including Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, are also establishing their own venture capital fund.
Source: Entrackr : Latest Posts