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The churn at Peak XV Partners isn’t slowing down.
In the latest high-profile move, Tejeshwi Sharma, Ashish Agrawal, and Ishaan Mittal have exited the venture capital firm to start their own VC platform, marking another inflection point for the former Sequoia India outfit.
The departures come amid a broader leadership reset at Peak XV, even as the firm doubles down on AI-led investing.
Why Tejeshwi Sharma’s Exit From Peak XV Partners Matters
Peak XV confirmed that Agrawal’s departure was mutually agreed upon, following discussions around the long-term interests of limited partners. Soon after, Mittal and Sharma chose to step away as well.
However, this was not a quiet exit.
Sharma made it clear that the move is deeply personal—and long in the making.
“I am stepping away from Peak XV Partners to pursue the biggest dream of my life: building a new venture capital firm with my partners, and friends of nearly 15 years,” Sharma wrote on X.
He also reflected on his journey, thanking Peak XV (formerly Sequoia India) for backing him as a “starry-eyed 25-year-old” back in 2012.
Peak XV Partners Reshuffles Leadership as Focus Shifts to AI
While senior investors exited, Peak XV moved quickly to shore up leadership.
- Abhishek Mohan was promoted to General Partner
- Saipriya Sarangan was elevated to Chief Operating Officer
The firm said it is sharpening its strategy around artificial intelligence-driven investments, a theme that now sits at the center of its future bets.
Who Are the Three Investors Leaving Peak XV?
Ashish Agrawal
Agrawal primarily handled early-stage and venture investments, with a strong focus on fintech and consumer startups. One of his most notable bets includes Groww.
Ishaan Mittal
Mittal built his reputation on growth-stage investing, backing category leaders such as Mamaearth and Razorpay.
Tejeshwi Sharma
A Peak XV veteran since 2012, Sharma spent over a decade investing across SaaS and fintech, with marquee bets including Cred and Whatfix.
Together, the trio brings a rare blend of venture, growth, SaaS, fintech, and consumer investing experience.
A Pattern of Senior Departures at Peak XV
This isn’t an isolated incident.
Over the last 15 months, Peak XV has seen several senior exits:
- Harshjit Sethi, Managing Director, resigned in September 2025
- Earlier exits included Shailesh Lakhani, Abheek Anand, and multiple senior investors
- Piyush Gupta went on to launch Kenro Capital in 2024
Taken together, the exits point to a firm still redefining its identity post-Sequoia split.
What’s Next for the New VC Firm?
For now, details remain tightly held.
The trio has not disclosed:
- Fund size
- Sector focus
- Launch timeline
However, given their track record, expectations are already high within India’s startup ecosystem.
The Bigger Signal
The real story isn’t just three partners leaving.
It’s about experienced investors choosing to build instead of inherit—a sign that India’s venture market is mature enough for second-generation firms led by insiders.
If history is any guide, founders will be watching this new fund very closely.
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