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Subscribe to enjoy similar stories.Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech secured the non-banking financial services (NBFC) licence.The investor sold around 6.08 million shares, or about 7.7% of MobiKwik’s equity, at an average price of ₹214 apiece in a transaction executed at 9:15am on 28 April, according to two people aware of the matter.Buyers included private equity firm Florintree, hedge fund Viridian Asset Management, alternative investment firm Dymon Asia Capital and equity investment management firm Karma Capital, the people said.The ₹130-crore deal delivered about 3x returns for Peak XV on its investment in the company.Peak XV’s exit marks the departure of the last major PE fund from MobiKwik’s cap table. In September 2025, Abu Dhabi Investment Authority (ADIA) sold its 2.1% stake in a block deal, after which MobiKwik shares rallied as much as 14%.Peak XV, formerly Sequoia Capital India & SEA, had been an early backer of MobiKwik and remained invested through the company’s public listing.The block sale came a day after MobiKwik announced that the Reserve Bank of India had approved its application for the NBFC licence.

Subscribe to enjoy similar stories. Early-stage venture capital firm Peak XV’s seed platform Surge has seen its global footprint expand to markets such as Australia, China, the UK, and the US, according to a top company executive. Peak XV’s managing director Rajan Anandan told Mint in an interview that the program, which started off with focus on India and Southeast Asia, has now expanded to support companies in other markets.

Subscribe to enjoy similar stories. Bengaluru: The world may still be grappling to figure out the scale of upheaval that generative AI could cause. Yet, Indian venture capital investors have joined top global peers in chasing the next disruptive offshoot of generative AI: agentic AI.

Reliance Jio is set to incorporate the latest technologies like Web3 and blockchain on its network and services through a partnership with cryptocurrency and blockchain platform Polygon Labs.

Subscribe to enjoy similar stories. BENGALURU : Smallcase's early investors, including Peak XV Partners and WEH Ventures, are looking to partly offload their stakes in the fintech, which is in talks to raise over $50 million in a mix of primary and secondary transactions, three people close to the development told Mint. The latest round is expected to value the Bengaluru-based startup at around $300-350 million.

Subscribe to enjoy similar stories. Bengaluru-based K12 Techno Services has secured $40 million ( ₹340 crore) from venture capital firm Kenro Capital, according to a statement from the education and technology services provider on Wednesday. The deal has been struck at a valuation of about ₹5,000 crore, a person aware of the matter said on condition of anonymity.

According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore.

Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE.

Ecommerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said. A regulatory filing with the US Securities and Exchange Commission (SEC) also indicated share transfer at Meesho’s US parent firm without offering further details.

Venturi Partners has bought a 5.12% stake worth $27 million in Peak XV Partners-backed edtech startup K12 Techno Services in a secondary share sale. The Singapore-based firm acquired the stake in a partial exit from Navneet Learning, a subsidiary of education-linked content provider Navneet Education Limited.

₹225 crore ($27 million), according to a joint statement from the companies. However, the firms did not disclose other financial details of the transaction. K12 Techno Services is the operator of the Orchids International school chain.

Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch. The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told ET, adding that the seed money will help the partnership take forward the plan of building an omnichannel play as a marketplace for premium brands, starting with women’s fashion and subsequently expanding into other lifestyle categories.

1. CoinSwitch: CoinSwitch is the leading cryptocurrency trading app in India, with over 2 crore users. The platform is backed by some of the world’s leading investors, including a16z, Tiger Global, and Sequoia Capital India.

MUMBAI : Automobile portal CarDekho is navigating a new round of funding that is likely to raise its valuation marginally, as it steers towards a public listing over the next 18-24 months, according to three people aware of the development. The company is in talks with investors to raise $100-150 million in a largely secondary round where early investors will clock in full or partial exits, the people said.

Spacetech startup Digantara, which focuses on space situational awareness, said it has raised $2 million from Aditya Birla Ventures and SIDBI Venture Capital, the venture capital arms of Aditya Birla Group and the Small Industries Development Bank of India (SIDBI), respectively. The latest capital infusion marks the final close of the Bengaluru-based startup’s Series A stage of funding at $12 million. In June 2023, Digantara had raised $10 million led by Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).

Venture capital firm Peak XV, formerly Sequoia Capital India and South East Asia, on Monday said it has launched new startup cohort Spark 03 with 14 companies that include 16 female founders. 

BENGALURU : For dental-tech startup Dezy, a problem of plenty has forced it to lay off nearly 200 employees, shut a key division, and tweak its business model to focus on operating a chain of clinics. The startup, founded in 2018 and originally known as smiles.ai, began with selling transparent teeth aligners, competing with the likes of Toothsi, Snazzy and TeethLogic. This original business plan worked well, and orders spiked last year from a few dozens every month to thousands.

At least half a dozen investors ET spoke to said it will be crucial for early-stage software companies to showcase how they are leveraging AI in their products to attract new investments in 2024.

Software-as-a-service firm Whatfix's founder and chief executive Khadim Batti on Monday wrote to employees saying litigation is a common competitive tactic in international markets. “We believe that our success in the marketplace has led to this litigation. This legal matter does not impact our day-to-day operations or our ability to serve our customers,” Batti told employees.

₹300 crore) in a growth round from Peak XV Partners, erstwhile Sequoia Capital India & SEA. Neo will use the capital to catalyze growth initiatives, develop and expand its wealth management business, deepen the asset management franchise, and help attract top talent. Neo, which was launched in 2021, claims to have more than 1,000 clients across HNIs (high-net-worth individuals), UHNIs (ultra-high net worth individuals) and multi-family office segments.

AI)-based messaging and user engagement platform Aampe on Thursday said it has raised $7.5 million as part of fresh funding led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India). The company said it will use the funds for product development and growth as it sets sight on global expansion.