Former Peak XV Executives Launch Ambition Capital Fund Targeting $250 Million

Former Peak XV Partners executives Shailesh Lakhani, Harshjit Sethi, and Mayank Porwal have launched Ambition Capital, an early-stage venture fund targeting $250 million. Based in Bengaluru, the fund will invest in seed and Series A startups across sectors including AI, fintech, deep tech, and consumer technology, focusing on themes like digital sovereignty and India-specific innovation. The founders have begun discussions with potential limited partners amid a broader trend of venture capital spinouts in India’s growing startup ecosystem.