Rishen Kapoor, co-founder and CEO of the SaaS startup Toplyne, has returned to Peak XV Partners (once Sequoia Capital India & Sea) after his three-and-a-half-year-old venture closed down.

In October 2024, Toplyne closed its operations and returned stores to its investors.

“Building Toplyne was fulfilling but challenging. We worked with amazing clients and partners but eventually chosen to wind down the trade. “The lessons from that travel will be remained with me,” was stated by Kapoor via a LinkedIn post.

Toplyne was a stage outlined to offer assistance deals groups at product-led development companies change over free clients into paying clients. It given significant bits of knowledge coordinates specifically into items, making a difference businesses improve their lead transformation rates. Kapoor, Ruchin Kulkarni, and Rohit Khanna established the company.

Before the shutdown, more than $17 million was raised by Toplyne from speculators like Peak XV, Tiger Global, Surge, Together Support, and angel speculators such as Kunal Shah and Harshil Mathur.

source: entrackr.