Ambition Capital: A New Venture Capital Firm by Former Peak XV Partners

Ambition Capital is a new venture capital initiative led by former executives from Peak XV Partners, aiming to raise $250 million to invest in early-stage startups. Reports from ET indicate that this firm is established by Shailesh Lakhani and Harshjit Sethi, who were managing directors at Peak XV, alongside Mayank Porwal, a prior member of the same firm.

Investment Focus of Ambition Capital

Located in Bengaluru, Ambition Capital intends to channel funds into seed and Series A startups across various sectors, including AI, fintech, deeptech, and consumer technology. The firm aims to execute approximately 26 to 30 investments from its inaugural fund. Additionally, Ambition Capital will concentrate on themes like digital sovereignty and innovation tailored for the Indian market, supporting startups that craft technologies for both domestic and international audiences.

Experienced Leadership Team

Shailesh Lakhani brings over 17 years of investment experience from his tenure at Peak XV Partners, where he supported startups such as Minimalist, Ixigo, and Zetwerk. Furthermore, a cohort of other former Peak XV Partners executives, including Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, are also in the process of launching a new venture capital fund. In a similar vein, leaders who previously worked at Sequoia Capital India established A91 Partners in 2018, founded by ex-Sequoia Capital India partners Pranay Chulet, Gautam Mago, and Abhay Pandey.