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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
Peak XV Partners has been on my mind these past couple of weeks. This, after it became clear to me that the firm is indeed putting together a team in the Bay Area with the intention of investing in startups in America. With the appointment of Arnav Sahu, a former Y Combinator hand, as partner in the US, a team now seems to be in place. There’s Arnav who will lead investments in early-stage companies, and operating partners Chris Meritt (ex-Cloudflare) and Dini Mehta, who will scout for opportunities and work closely with portfolio companies as they scale.
An inkling …
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
