Shraeyansh Thakur Resigns From Peak XV, Fifth Exit In 12 Months

Shraeyansh Thakur, an investor at Peak XV Partners, has left the firm after nine years to pursue his dream of starting a company. He made the announcement on LinkedIn, mentioning his long-held desire to build a business.

Thakur, who led investments in companies like Unacademy and Atlys, will stay on for a few more months to help portfolio companies.

His exit is part of a larger trend of high-profile departures at Peak XV, which has had trouble keeping senior leaders since it separated from Sequoia Capital in June 2023. The firm has faced challenges due to governance issues at companies like BYJU’S and Zilingo, and a broader market slowdown.

During his time at Peak XV, he served as a board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, and more.

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"After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post.

Thakur’s departure adds to concerns about talent loss at Peak XV. Managing Directors Shailesh Lakhani and Abheek Anand also left this month after many years at the firm.

This has raised questions about leadership succession, especially after the firm reduced its $2.85 billion fund and cut management fees in 2024. Despite public denials, reports suggest senior departures have affected multiple areas, including Surge, marketing, policy, HR, and IT operations.

Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has rejoined Peak XV Partners after his three-and-a-half-year-old company shut down.
In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategy to invest more cautiously due to high valuations in the Indian market. This change came a year after Sequoia Capital rebranded as Peak XV.

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