SAMIR SHAH | MANAGING PARTNER
SANJAY NAYAR | GENERAL PARTNER
November 27, 2023: Peak Sustainability Ventures partners with Sanjay Nayar to build India’s premier climate investment firm.
Peak Sustainability Ventures, one of India’s first early-stage climate focused investment firms, has partnered with Sanjay Nayar, a veteran in the private equity industry, to build India’s leading climate VC firm. As a General Partner, Sanjay brings his investment acumen, global networks and relationships to the fore. Together, Samir Shah, Sanjay Nayar and the Peak Sustainability Ventures team are focused on addressing some of the world’s most pressing problems in the climate landscape, using a thesis-driven investment approach to back innovative and scalable solutions.
Sanjay is a well-known leader in India’s private equity landscape, responsible for establishing and managing KKR India as its CEO for 11 years, building it to one of the dominant private equity firms in Asia. Prior to KKR, Sanjay was CEO of Citigroup’s India and South Asia operations. Over the past two decades, Sanjay has built a name as a seasoned investor in the Indian financial services sector.
Samir Shah, Managing Partner at Peak, has been actively involved in sustainability for the last 7 years, through his global investments, operating positions and ecosystem associations. He has been an early investor in several innovative sustainability companies, including VA Tech Wabag, GIST Impact, Waaree Energies, ION Energy, Drinkwell, Polymateria and Avant Wood, and has achieved several notable exits in his portfolio. Samir has 28+ years of financial markets experience, and is a well-recognized face in India’s sustainability landscape. He launched Peak Sustainability Ventures with a view to building an institutional firm that can bring India into the global climate conversation, helping scale Indian companies globally, and bringing global innovations to India.
On the partnership, Samir stated: “We are delighted to have Sanjay join Peak Sustainability Ventures as a General Partner, to accelerate our efforts in making a difference in sustainability in India and globally. While we see great investment opportunities ahead, there are also significant challenges, given the complexities within sustainability. Sanjay’s experience and guidance strengthens our core team and will be of immense value as we jointly navigate the landscape. Together, we are committed to building India’s premier climate investment firm.”
Sanjay provided the following views: “I am excited to partner with Samir and the team at Peak Sustainability Ventures. Given what is happening in sustainability and the role we all need to play, we are building a top-tier institution that can spur climate innovation in the toughest climate problems. India has a key role to play in the global story. We are looking to fund technologies that can apply to the India context, at India’s price point.“
Peak Sustainability Ventures is a Mumbai-based climate VC fund, backing entrepreneurs solving tough climate problems in a scalable manner, across four key pillars: Energy, Food Systems, Water and Climate. The firm is currently in the midst of raising capital for its flagship vehicle – Peak Sustainability Venture Fund I, and has closed an initial amount. The firm is in advanced conversations with institutional investors including corporates, financial institutions, endowments, family offices, and other entities in India and globally. Peak Sustainability Venture Fund I is managed by Peak Venture Advisors LLP, in which Samir Shah, Aakash Shah, Sanjay Nayar and 72 Ventures LLP (Sanjay’s family office) are Partners.
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