Value creation to be much faster next decade: Peak XV

The firm wants to double down on bets in consumer, fintech, and software sectors

- Sneha Shah

Mohit Bhatnagar, managing director, PeakXV.

Fresh from its success of recent IPOs of Pinelabs and Groww and the soon-to-be-listed Meesho, their funder Peak XV’s managing director Mohit Bhatnagar believes the speed of value creation in India will be much faster in the coming decade than in the past.

The firm wants to double down on bets in consumer, fintech and software while scouting for opportunities in space tech, precision manufacturing, and semiconductors.

The venture capital firm has to its credit the bets it made investing in Zomato, Razorpay, Just Dial, Truecaller, Citrus Payment, Freshworks, Equitas, and Lal Path Labs, to name some successful exits it made. Mount Everest was called Peak XV before it was renamed in 1865.

Since its started investing in India in 2006, it has over $8 billion in assets under management, among the highest in the Indian venture capital space.

“I will be surprised if the pace of value creation in not faster in the coming decade,” Bhatnagar told Mint. The firm holds 11.3% stake in soon-to-be-listed e-commerce challenger Meesho potentially sitting on a near-26 times return, valuing its stake at over %5,340 crore. Meesho is scheduled to list on Wednesday.