Peak XV is taking bigger bets as Indian startups grow more ambitious: Mohit Bhatnagar
At TechSparks 2026, Peak XV's Managing Director Mohit Bhatnagar said the venture capital firm is increasingly willing to back ambitious, high-risk startups as AI opens up new opportunities for Indian founders to build global companies.
Managing Director of venture capital firm Peak XV Partners, Mohit Bhatnagar, highlighted the growing ambition of Indian startup founders during a fireside chat at TechSparks 2026 in Bengaluru. Bhatnagar stated that Indian founders are now aspiring to build companies worth $50 billion or even $100 billion, a significant shift from the past.
He attributed this change to the success of Indian startups like Zomato and the increasing acceptance of these companies in the public markets. Bhatnagar noted that the cost of tokens for AI tools has fallen, making consumer AI applications accessible for startups to build globally. He emphasized that AI can bring efficiency to smaller teams, enabling them to quickly develop innovative solutions.
Despite this, Bhatnagar cautioned that identifying the right companies to invest in requires sustained hard work and patience, as building a durable business may take up to a decade. He expressed optimism about India being an attractive investment destination, citing the ease of launching products and entering the marketplace with minimal capital.
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