Peak XV Partners has confirmed through a LinkedIn post that senior leaders Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma have exited the venture capital firm, marking another round of changes within its leadership and investment team.
According to the firm, the exits were mutually decided and are aligned with Peak XV’s plans to evolve its investment capabilities in response to rapid changes driven by artificial intelligence. The firm reiterated that it remains deeply committed to the Indian venture ecosystem, where it has been investing for over two decades.
In its LinkedIn statement, Peak XV said it has partnered with hundreds of founders over the last 20 years, helped build multiple scaled companies, and supported 36 IPOs. The firm noted that building an enduring institution requires long-term commitment, strong values, and the ability to adapt, especially in an era of unprecedented change led by AI.
Peak XV stated that it had mutually decided to part ways with Ashish Agrawal, citing the long-term interests of its Limited Partners and the firm. Following Agrawal’s departure, Ishaan Mittal and Tejeshwi Sharma also chose to step away and join him. The firm added that these changes would allow it to make room for AI-native investors and rapidly evolve in an AI-first direction.
Separately, Ishaan Mittal announced his departure publicly, sharing that he is leaving Peak XV to build a new venture capital firm alongside long-time collaborators Ashish Agrawal and Tejeshwi Sharma. He noted that the trio, who have worked together for nearly 15 years, are pursuing the launch of an independent investment vehicle.
In the wake of the exits, Peak XV has announced key leadership promotions. Abhishek Mohan has been elevated to Managing Director and General Partner from his earlier role as principal. Mohan joined the firm in 2018 and has worked on investments including Mokobara and The Whole Truth. Saipriya Sarangan has also been promoted to Chief Operating Officer, moving up from her role as chief people officer.
The departures add to a period of leadership churn at Peak XV since its rebranding from Sequoia Capital India & Southeast Asia in 2023. Over the past two years, several senior executives, including Shailesh Lakhani, Abheek Anand, and Harshjit Sethi, have also exited the firm to pursue independent paths.
Peak XV reiterated that its primary commitment remains with its Limited Partners and founders, adding that it remains confident in its team, culture, and readiness for the next phase of its journey.
