Three former managing directors at Peak XV Partners—Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma—are launching a new venture capital fund called Mettle Capital, targeting a corpus of $350-400 million to invest in Indian startups, people familiar with the matter said.
The trio in February abruptly announced that they were leaving Peak XV in what was seen as a high-profile departure from the fund, adding to the heightened churn across top ranks of India-focused venture capital firms.
