Madhavrao I
In 1762, Raghunathrao allied with the Nizam due to mutual distrust and differences with Madhavrao Peshwa. The Nizam marched towards Poona, but little did he know that Rughunathrao was going to betray him. In 1763, Madhavrao I along with Rughunathrao defeated Nizam at Battle of Rakshasbhuvan and signed a treaty with the Marathas.