Piyush Kharbanda moved from late-stage private equity at Multiples to early-stage investing at Vertex in 2016, bringing growth-equity rigor around unit economics and capital efficiency to seed and Series A deals while working closely with founders at the messy early stage. He's known for his thesis-driven approach to B2B commerce in India, where he publicly writes detailed margin frameworks and argues that B2B platforms must be evaluated as money management systems rather than just marketplaces, and for his deep specialization in data infrastructure where he publishes long-form pieces on lakehouse architectures and the modern data stack that reference specific technologies rather than generic AI terms. Piyush Kharbanda moved from late-stage private equity at Multiples to early-stage investing at Vertex in 2016, bringing growth-equity rigor around unit economics and capital efficiency to seed and Series A deals while working closely with founders at the messy early stage. He's known for his thesis-driven approach to B2B commerce in India, where he publicly writes detailed margin frameworks and argues that B2B platforms must be evaluated as money management systems rather than just marketplaces, and for his deep specialization in data infrastructure where he publishes long-form pieces on lakehouse architectures and the modern data stack that reference specific technologies rather than generic AI terms.