Three Peak XV Partners Exit to Launch New Venture Capital Firm

Amid ongoing leadership changes at Peak XV Partners, the venture capital firm has parted ways with three managing directors—Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma.

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“We have mutually decided to part ways with Ashish Agrawal. After thoughtful consideration and discussions, it became clear that parting ways was in the best interests of our limited partners and the long-term interests of the firm,” Peak XV said in a statement.

The firm added that Mittal and Sharma chose to leave Peak XV to join Agrawal after his departure.

After the departures, Peak XV announced new promotions, naming Abhishek Mohan as general partner and Saipriya Sarangan as COO.

The firm said the departures and promotions are part of its plan to "strengthen capabilities" in the artificial intelligence (AI) sector.

Previously called Sequoia Capital India & SEA, Peak XV now manages over $10 billion across 16 funds.

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