The Indian investor ecosystem faced significant challenges in 2023, marked by partner exits, fund splits, and a growing loss of trust in startups, leading to a state of disarray.

In response to these challenges, many VC partners exited their positions to establish their own funds, aiming to meet the increasing demand for capital among Indian founders.

Rahul Chaudhary, who led early-stage investments at Z47 for over a year, quit the firm in May to pursue his own venture.

Key figures like Piyush Gupta, Sameer Brij Verma, and Raj Dugar transitioned to the secondary market, aiming to capitalize on new opportunities.

Piyush Gupta left Peak XV in April to launch Kenro Capital, which focuses on secondary investments in growth-stage startups.

Sameer Brij Verma resigned from Nexus Venture Partners in September to establish Northpoint Capital Management.

Raj Dugar stepped down from Eight Roads Ventures after 17 years to launch his own secondary fund.

In a bid to foster collaboration, Shweta Rajpal Kohli left Peak XV to launch the Startup Policy Forum, bridging the gap between startups and policymakers.

Looking ahead, the investor ecosystem is expected to rebound in 2024, with lucrative returns and a surge in startup IPOs.

Gaurav Bindal also exited Orios Venture Partners amid a wave of top-level departures, having overseen financial operations since 2021.

Shashank Randev left 100X.VC after more than five years, where he played a significant role in the firm's growth.

Saharsh Sharma departed Orios Venture Partners in December after leading substantial investments during his five-year tenure.