Three Managing Directors Exit Peak XV Partners Amid Leadership Transition
In a significant development within India's venture capital landscape, three managing directors—Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma—have exited Peak XV Partners. This move marks another round of senior-level departures at the firm, which is currently undergoing an extensive leadership reshuffle and strategic recalibration.
Broader Organizational Transition Post-Sequoia Split
The exits occur as Peak XV navigates a pivotal transition phase following its separation from Sequoia India & South-East Asia in 2023. The firm is actively recalibrating its organizational structure and investment strategy to adapt to evolving market dynamics and position itself for future growth.
Leadership Promotions Announced Alongside Departures
Concurrently with the departures, Peak XV has announced key leadership promotions aimed at strengthening its core team. Abhishek Mohan has been elevated to the position of general partner and will continue to lead the firm's consumer technology investments. Additionally, Saipriya Sarangan has been promoted to chief operating officer (COO), taking charge of firm-wide operations and strategic execution.
Recent History of Senior-Level Exits
The departure of these three managing directors follows a series of senior-level exits over the past year, highlighting ongoing changes within the firm's leadership ranks. Notable previous departures include:
- Managing director Harshjit Sethi, who resigned in September 2025
- Senior executives Shailesh Lakhani, Abheek Anand, Shraeyansh Thakur, and Anandamoy Roychowdhary
- Chief product officer Anuj Sahai, vice-president Suraj Agarwalla, and managing director Piyush Gupta
Among the founding team of G.V. Ravishankar, Mohit Bhatnagar, and Shailendra Singh, Sakshi Chopra remains the only senior leader from the earlier leadership cohort.
Strategic Response to AI and Market Shifts
Peak XV has characterized the recent exits as mutual decisions aligned with its efforts to evolve investment capabilities. The firm is particularly focused on responding to market shifts driven by artificial intelligence (AI) and emerging technologies. In a blog post addressing these leadership changes, Peak XV emphasized that "Building an enduring institution takes decades of commitment, hard work, dedication to values and the ability to embrace change."
Growing Ecosystem of Spin-Out Firms
The developments contribute to a growing list of investment firms that have spun out from Peak XV/Sequoia India, following predecessors such as WestBridge Capital and A91 Partners. This trend reflects the dynamic nature of India's venture capital ecosystem and the continuous evolution of investment strategies and leadership structures.
Long-Term Commitment and Future Focus
Despite the leadership churn, Peak XV has reiterated its long-term commitment to limited partners and portfolio founders. The firm positions these changes as part of a broader strategic initiative to prepare for its next phase of growth. Notably, Peak XV has recently closed its 80th AI investment and plans to further deepen its bench of AI-native investors while enhancing go-to-market capabilities.
The ongoing transitions at Peak XV Partners underscore the firm's adaptive approach in a rapidly changing investment landscape, balancing leadership evolution with strategic continuity in pursuit of sustained growth and market relevance.
