US EditionThree MDs Quit Peak XV Partners as Senior-Level Exits Continue
Three senior partners left Peak XV following internal disputes to launch a new venture firm as Peak XV promotes new leaders and reports $3.33 billion unrealized gains from recent IPOs.
- Senior partner Ashish Agrawal left Peak XV Partners with partners Ishaan Mittal and Tejeshwi Sharma after an internal disagreement to form a new venture capital firm.
- Long-Serving partners like Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma had tenures of over 13, nine, and seven years respectively, at Peak XV.
- The firm reinforced leadership by elevating Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer on Tuesday; Peak XV Partners manages over $10 billion across 16 funds.
- Singh pushed back on market commentary alleging departures drove exits, stating `not statistically true` and emphasizing continuity with multiple general partners involved across boards.
- Peak XV plans to open a U.S. office and is recruiting AI-native researchers and engineers, amid broader senior-rank churn including exits from India and Southeast Asia last year.
12 Articles
12 Articles
Three MDs quit Peak XV Partners as senior-level exits continue
Amid the ongoing leadership shuffle, Peak XV Partners has lost three managing directors. While Peak is refining its investment strategy post-Sequoia split, the three exiting MDs are set to team up to launch a new firm.
Times of India
The Economic TimesThree MDs at Peak XV Partners depart to launch new fund amid heightened VC churn
The venture capital firm confirmed in a release that managing director Ashish Agrawal is exiting the fund. The decision followed internal discussions which concluded that his departure was in the best interests of the firm’s Limited Partners and its long-term strategy. Following Agrawal's exit, Ishaan Mittal and Tejeshwi Sharma have also decided to leave the firm to join him in a new venture.
Ashish Agrawal, Ishaan Mittal, Tejeshwi Sharma exit Peak XV Partners in latest departures
After the current changes, Shailendra J Singh, Rajan Anandan, Mohit Bhatnagar, Sakshi Chopra, GV Ravishankar, Rohit Agarwal and Arnav Sahu are the only prominent Partners and MDs left at the fund.
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