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Three senior partners leave Peak XV to launch their own venture capital firm

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Peak XV Partners logo
Date
Company
Peak XV Partners
What it does
venture capital firm
Kind
People
Sector
Professional & Local Services

What they do

Peak XV Partners is a venture capital firm investing across seed to growth stages in India and globally

What happened

Tejeshwi Sharma, Ashish Agrawal, and Ishaan Mittal have exited Peak XV to start their own venture capital firm, though details on the fund's size, focus,…

Why it matters

The move follows a series of high-profile departures from the firm over the past 15 months, including Harshjit Sethi, Shailesh Lakhani, and Abheek Anand

The details

  • Peak XV Partners has seen the exit of three senior investment professionals: Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma.
  • The trio is preparing to launch a new venture capital platform together.
  • Peak XV stated that Agrawal's departure was mutually agreed upon after discussions about the long-term interests of its limited partners and the institution.
  • Following Agrawal's exit, Mittal and Sharma also decided to step away from the firm.
  • Peak XV has promoted Abhishek Mohan to General Partner and elevated Saipriya Sarangan to Chief Operating Officer.
  • The firm is sharpening its focus on artificial intelligence-led investing.
  • Tejeshwi Sharma shared on X that the three departing partners are building a new venture capital firm together.
  • Sharma expressed gratitude for his time at Peak XV, calling it an 'extraordinary journey' and a privilege to work with world-class founders.
  • The three investors bring deep and complementary experience across India’s technology ecosystem.
  • Agrawal focused on fintech and select consumer bets, including Groww.
  • Mittal backed companies such as Mamaearth and Razorpay, spanning consumer and fintech segments.
  • Sharma spent over a decade investing in SaaS and fintech startups, with notable bets including Cred and Whatfix.

The bigger picture

  • The exits add to a series of high-profile departures from Peak XV over the past 15 months.
  • In September 2025, managing director Harshjit Sethi resigned after nearly a decade at the firm.
  • Earlier, managing directors Shailesh Lakhani and Abheek Anand, along with investors Shraeyansh Thakur, Piyush Gupta, and Anandamoy Roychowdhary, had also moved on.
  • In 2024, Piyush Gupta launched Kenro Capital, a fund focused on late-stage secondary transactions.

About the business

  • Peak XV Partners is a global venture capital firm investing across seed to growth stages.
  • The firm has deep partnerships and focuses on building long-term relationships with founders and startups.
  • Peak XV has invested in a range of startups, including fintech, SaaS, and consumer brands.
  • Notable investments include CRED, Whatfix, Groww, Mamaearth, Razorpay, and Meesho.
  • The firm has a presence in India and globally, with a focus on emerging technologies and scalable businesses.

The deal

Type
people

Founders

  • Tejeshwi Sharma, Investor
  • Ashish Agrawal, Investor
  • Ishaan Mittal, Investor

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