Peak XV exits continue, human capital director Anirudh Bose Mullick steps down to start own venture
The venture capital firm has seen numerous high-level exits in the past couple of months including Shailesh Lakhani, Abheek Anand and Suraj Agarwalla.
Venture capital firm Peak XV Partners’ director of human capital, Anirudh Bose Mullick, has left the company after almost a 15 year stint at the firm which has backed companies like IPO-bound Groww and Bluestone.
In a LinkedIn post, Mullick stated that he had set up his own firm, Founders Fellows. The company is working on a smart web-based diagnostic tool that helps leadership teams of companies to assess the maturity of its core functions such as finance, HR, product, and sales across different growth stages.
“Starting Founders Fellows has been years in the making, and I couldn’t be more excited about what lies ahead. India’s next decade will be defined by founders who are thinking bigger than ever before—and I hope to be a trusted partner on that journey. I remain incredibly grateful to my Partners, colleagues and now close friends at Peak XV for the support, trust, and collaboration over the years,” he added.
Mullick’s resignation comes on the heels of other exits at the VC firm including Managing Directors Abheek Anand and Shailesh Lakhani as well as Suraj Agarwalla, Vice President with the Growth team at Peak XV Partners, among others.
According to a CapTable story, the firm is undergoing a strategic shift within the firm as it looks to maintain the brand after its split from Sequoia Capital India & SEA almost two years ago.
Amidst the exits, Peak XV’s IPO-bound portfolio companies are expected to serve as a shot in the arm as it looks to walk away with blockbuster gains from upcoming IPOs of Bluestone, Wakefit, Groww, Pine Labs, and Meesho.
According to draft red herring prospectuses filed by Wakefit and Pine Labs, the firm has emerged as the largest selling shareholder in the IPOs.
Moreover, the firm is also gearing up to raise its first independent fund after its split from Sequoia, with a target corpus of $1.4 billion as it looks to strengthen its foothold in the Indian startup ecosystem.
Edited by Jyoti Narayan