Roundup · Financial Services

Peak XV partners depart to launch new venture capital firm

By Startup Enthusiast · 3 February 2026

What they do

Peak XV Partners is a venture capital firm that invests in early-stage and growth companies across various sectors

Three managing directors left the firm to start their own venture capital fund after mutual decisions were made

The firm recently reported significant liquidity gains from IPO exits and plans to expand its artificial intelligence focus

Peak XV Partners saw three managing directors leave the firm to start a new venture capital company.
Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma departed following mutual decisions cited by the firm.
All three founders had previously worked at Sequoia Capital before joining Peak XV between 2013 and 2018.
Peak XV promoted Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer.
The departures follow a period of strong financial performance for the venture capital firm in 2025.
The firm generated over INR 2,480 Cr in liquidity from recent initial public offerings of portfolio companies.
Peak XV expects further windfall returns from upcoming IPOs of Curefoods and Infra.Market in 2026.
The firm recently closed its 80th investment focused on artificial intelligence technologies and capabilities.

The exit of multiple senior partners signals internal restructuring within one of India's top venture capital firms.
The timing coincides with record liquidity events from successful portfolio company exits like Groww and Pine Labs.
New leadership appointments aim to stabilize operations while expanding into high-growth artificial intelligence sectors.

Peak XV Partners operates as a venture capital firm investing in technology and consumer startups.
The firm focuses on early-stage funding through later-stage growth investments across multiple industries.
It maintains a strong presence in the Indian startup ecosystem with diverse portfolio holdings.
Recent investments include significant stakes in fintech platforms like Groww and digital payments via Pine Labs.
The firm actively tracks and invests in emerging trends such as artificial intelligence and deep tech.
It generates returns primarily through equity appreciation and eventual exits via initial public offerings.
The firm plans to add dedicated artificial intelligence investors and go-to-market capabilities to its team.
It manages a large portfolio requiring active monitoring of regulatory changes and market dynamics.
Success depends on identifying scalable businesses before they reach broader market adoption stages.

Peak XV plans to register significant windfall returns from IPO-bound companies Curefoods and Infra.Market.
The firm intends to add more artificial intelligence-native investors to its team.
Expansion includes building new go-to-market capabilities to support portfolio companies.

Peak XV Partners (Lead) — Major venture capital firm that led Groww's investment in 2019.