Peak XV Partners, a leading venture capital firm in India and Southeast Asia, has seen new executive departures. These follow other leadership departures over the past year as the company deepens its focus on AI investments and plans to expand its footprint in the United States, while retaining India as its largest market.
The departure stems from internal disagreements with senior partner Ashish Agrawal (pictured above, left), which led to the mutual decision to part ways, managing director Shailendra Singh told TechCrunch. He added that two other partners, Ishaan Mittal (pictured above, right) and Tejeshwi Sharma (pictured above, center), had also chosen to leave together.
Singh said Peak XV did not want to get into the details of the disagreement and was focused on moving forward. “Just for privacy and trying to look classy about it,” he said. Singh added that such turnover is not uncommon in large, multi-stage ventures, and that Peak XV wanted to take the next step quickly after working together for several years.
Singh said all board seats held by departing partners will be transferred “immediately”, noting that the firm already has overlapping representation across multiple portfolio companies. He said Peak XV is not concerned about continuity, noting that multiple general partners and operating partners are already involved on many of these boards.
This departure means that a long-time investor is leaving the company. According to their LinkedIn profiles, Agrawal has been with Peak XV for more than 13 years, Ishaan Mittal has been with the company for more than nine years, and Tejeshwi Sharma has been with the company for more than seven years.
In a LinkedIn post, Mr. Agrawal wrote that he had decided to “take an entrepreneurial leap” and was working with Mr. Mittal and Mr. Sharma to start a new venture capital firm. He described the move as an opportunity to build a new organization with a long-time partner and thanked Peak XV's leadership for what he called “a really great partnership.”
During his time at Peak XV, Mr. Agrawal led investments across fintech, consumer and software, including Groww, one of the company's most prominent IPO exits in 2025. He has also supported multiple early and growth stage companies alongside Mittal and Sharma, and was instrumental in building Peak XV's broader portfolio over the past decade.
Mr. Agrawal, Mr. Mittal and Mr. Sharma did not respond to messages seeking comment.
Peak XV is also working to strengthen senior leadership from within. The firm on Tuesday promoted Abhishek Mohan to general partner, expanding its investment leadership bench, and Saipriya Sarangan to chief operating officer, with responsibility for firm-wide operations.
The change in leadership comes amid a year marked by Peak XV's portfolio exits. Five of the company's companies (Groww, Pine Labs, Meesho, Wakefit, and Capillary Technologies) went public in November and December 2025, and the company generated unrealized gains of approximately 300 billion rupees (approximately $3.33 billion) in addition to realized gains of approximately 28 billion rupees (approximately $310.61 million) from the sale of shares during the IPO.
In addition to recent departures, Peak XV has seen widespread movement within its senior ranks over the past 12 months. Last year, longtime investment leaders Harshijit Sethi and Shailesh Lakhani left the India team, and Abeek Anand and Peter Kemps left the firm's Southeast Asia business. The company has also seen leadership changes across its marketing, policy and operations teams in recent months.
Singh rejected the widespread view in the market that many of the partners who drove Peak XV's biggest exits are no longer with the company, saying the story is “statistically not true.” He said some of the company's most significant accomplishments have been led by its long-serving partners at Peak XV, and argued that the company's exit performance is not driven by any one individual.
Shin said Peak XV currently has seven general partners in addition to multiple partners and principals.
Singh said the VC firm, which spun off from Sequoia Capital in 2023 and currently manages more than $10 billion in capital across 16 funds, has made about 80 AI-related investments, highlighting that it is looking to deepen its focus on AI fundraising. Singh said the company continues to view India as its largest and most important market, while also preparing to open a U.S. office within the next 90 days to expand its global footprint.
Singh said the firm believes AI will reshape venture investing more profoundly than previous technology changes, arguing that successful AI investments require investors to have deep technical understanding rather than “generalist” experience. He added that Peak XV is looking to add more AI-native talent, such as researchers and engineers with backgrounds in machine learning and large-scale model development.
The firm has invested in more than 400 companies, with more than 35 initial public offerings and several M&A transactions in its portfolio.