In a significant leadership shift, Anandamoy Roychowdhary, Partner at Peak XV Partners, has announced his resignation, effective November 30, 2024, after an 11-year tenure. His exit follows the departure of Piyush Gupta in late 2023, marking a transformative period for the renowned investment firm.
Roychowdhary joined Peak XV in 2013 as Director of Technology, ascending to Partner in June 2023. He was instrumental in advising major portfolio companies like Byju’s, drawing on his experience at Zynga, NextLabs, and Symantec. His resignation, planned since May 2024, signals a new chapter in his career, although his next move remains undisclosed.
Key Changes at Peak XV
The firm has undergone notable transformations:
- Leadership changes, with Piyush Gupta departing to launch Kenro Capital.
- A fund restructuring in 2024, reducing its $2.85 billion fund size by 16% ($465 million).
- Adoption of a 2/20 payout structure with a 30% carry catch-up provision, aligning with industry norms.
Peak XV’s recalibrations underscore a focus on disciplined capital allocation, positioning it for growth amid evolving market dynamics. Roychowdhary’s departure leaves questions about the firm’s strategic direction as it navigates these transitions.
Credit: This article is based on information from Peak XV press releases and financial news reports.
Key Highlights:
- Anandamoy Roychowdhary leaves Peak XV Partners after 11 years, stepping down as Partner on November 30, 2024.
- His departure follows other leadership changes and strategic fund restructuring at the firm.
- Roychowdhary’s future endeavors remain undisclosed.
- Peak XV is focusing on disciplined growth amid industry challenges.