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Peak XV alum-founded Ambition Capital looks to raise $250-M VC fund

Economic Times  

Former Peak XV Partners managing directors Shailesh Lakhani and Harshjit Sethi are launching Ambition Capital, an early-stage venture fund targeting a USD 250 million corpus. The pair is joined by Mayank Porwal, who was with Peak XV until 2023. The Bengaluru-based fund will back seed and Series A startups across sectors, including AI, fintech, deeptech, and consumer technology. It plans to make 26-30 investments, with themes such as digital sovereignty and India-specific innovation guiding its strategy.Lakhani spent 17 years at Peak XV Partners, the firm that spun out of Sequoia Capital in 2023, and backed companies including Minimalist, Ixigo and Zetwerk. Sethi led AI-focused investments and worked with startups including Sarvam AI and Darwinbox.