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After the anxiety of its split with Sequoia, a spell of founder run-ins, senior-level churn and tighter capital, things finally seem to be turning for Peak XV Partners.

While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
The e-commerce platform appears to have put on a good show in FY26, outpacing itself on most fronts. However, the margins tell a different story, one that investors should pay close attention to.
While rivals lost users, India’s largest broker leaned on lending and derivatives to deliver strong growth.