Korn Ferry(US:KFY) The Economic Times·2026-02-04 01:38Group 1: Peak XV Partners Developments - Three managing directors, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have left Peak XV Partners to establish a new fund, citing "disagreements" over economics and payouts as the reason for their departure [3][5][29] - Shailendra Singh, managing director at Peak XV, described the exits as a natural outcome of a high-agency, entrepreneurial culture, indicating a shift towards a leaner structure with a target of seven to eight general partners [7][29] - The firm has promoted Abhishek Mohan to managing director and appointed Saipriya Sarangan as chief operating officer, while veteran partners including Singh, GV Ravishankar, Rajan Anandan, and Sakshi Chopra remain [18][29] Group 2: Industry Trends and Financial Updates - The early-stage investing industry is experiencing a rough period, with multiple partner exits from Peak XV and other firms, coinciding with ongoing discussions about raising independent funds [18][29] - The Indian government has introduced a targeted tax exemption for overseas professionals, aimed at attracting global talent to the electronics and semiconductor sectors, which has been positively received by industry experts [20][21] - WestBridge Capital has made its first climatetech investment by leading a $45 million funding round in Varaha, a startup focused on carbon dioxide removal and verified carbon credits [24][29] Group 3: Financial Performance of Companies - Mumbai-based stockbroking startup Dhan reported a net profit of Rs 408 crore for the financial year 2025, a 156% increase from Rs 159 crore the previous year, with operating revenue growing 2.3 times to Rs 876 crore [29][31] - Fractal Analytics has reduced its IPO size to Rs 2,833.9 crore, a 42% decrease from the previously proposed Rs 4,900 crore [29][31] - Nazara Technologies reported a 24% year-on-year decline in operating revenue for Q3 FY26, with revenue at Rs 405.9 crore and a net profit decrease of 35% to Rs 8.8 crore [29][31]