Peak XV Partners, a leading venture capital firm in India and Southeast Asia, is navigating another round of senior departures. This follows other leadership exits over the past year as the firm advances plans to deepen its focus on AI investing and expand its footprint in the United States, while maintaining India as its largest market.
The latest departures originated from an internal disagreement with senior partner Ashish Agrawal, which led to a mutual decision to part ways, according to Managing Director Shailendra Singh. He added that two other partners, Ishaan Mittal and Tejeshwi Sharma, chose to leave alongside Agrawal. Singh stated that Peak XV did not wish to detail the disagreement, preferring to move forward with discretion.
All board seats held by the departing partners will be transitioned imminently. Singh noted the firm already had overlapping representation across several portfolio companies and was not concerned about continuity, with multiple general partners and operating partners already involved.
These exits mark the departure of long-tenured investors. Agrawal had been with Peak XV for over 13 years, while Mittal spent more than nine years and Sharma over seven years. In a public post, Agrawal wrote that he had decided to take the entrepreneurial plunge and is teaming up with Mittal and Sharma to start a new venture capital firm. He described it as an opportunity to build a new institution and thanked Peak XV’s leadership for a wonderful partnership.
During his tenure, Agrawal led investments in fintech, consumer, and software companies, including Groww, one of the firm’s most prominent IPO exits in 2025. He, along with Mittal and Sharma, backed numerous early- and growth-stage companies, contributing significantly to Peak XV’s portfolio development over the past decade.
Concurrently, Peak XV has moved to strengthen its senior leadership from within. The firm recently promoted Abhishek Mohan to general partner and elevated Saipriya Sarangan to chief operating officer.
These leadership changes coincide with a standout year for portfolio exits. Five of its companies went public in November and December 2025, generating roughly 300 billion rupees in unrealized gains and about 28 billion rupees in realized gains from share sales during the IPOs.
The recent departures are part of a broader churn in senior ranks over the past twelve months. Last year, long-time investment leaders from both the India and Southeast Asia teams exited. The firm has also seen leadership changes across its marketing, policy, and operations teams.
Singh dismissed a circulating narrative that many partners who drove Peak XV’s largest exits have left, calling it statistically untrue. He argued the firm’s exit track record does not hinge on any single individual and noted several significant outcomes were led by partners who remain. Peak XV currently has seven general partners along with multiple partners and principals.
The venture firm, which separated from Sequoia Capital in 2023 and manages over $10 billion across 16 funds, has made about 80 investments linked to artificial intelligence. It is preparing to open a U.S. office within the next 90 days as it expands globally, while continuing to view India as its largest market.
Singh stated the firm believes AI will reshape venture investing more profoundly than previous technology shifts, requiring investors with deep technical understanding. Peak XV is looking to add more AI-native talent, including researchers and engineers with machine learning expertise.
To date, the firm has invested in more than 400 companies, with over 35 initial public offerings and several mergers and acquisitions in its portfolio.