Peak Xv Says Internal Disagreement Led To Partner Exits As It Doubles Down On Ai

Peak XV Partners, a starring task superior patient successful India and Southeast Asia, has seen a caller information of elder departures. These travel different activity exits complete nan past twelvemonth arsenic it pushes up pinch plans to deepen its attraction connected AI investing and grow its footprint successful nan U.S., while keeping India arsenic its largest market.

The latest departures stem from an soul disagreement pinch elder partner Ashish Agrawal (pictured above, left) that led to a communal determination to portion ways, Managing Director Shailendra Singh told TechCrunch. He added that 2 different partners, Ishaan Mittal (pictured above, right) and Tejeshwi Sharma (pictured above, center), chose to time off alongside him.

Singh said Peak XV did not want to spell into nan specifics of nan disagreement and was focused connected moving forward. “Just retired of privacy, and retired of, like, trying to beryllium prestigious astir it,” he said. Singh added that specified departures were not uncommon astatine large, multi-stage task firms and that Peak XV wanted to move connected quickly aft respective years of moving together.

All committee seats held by nan departing partners would beryllium transitioned “imminently,” Singh said, noting that nan patient already had overlapping practice crossed respective portfolio companies. He said Peak XV was not concerned astir continuity, noting that aggregate wide partners and operating partners were already progressive crossed galore of those boards.

The departures people nan exit of long-tenured investors from nan firm. Agrawal had been pinch Peak XV for much than 13 years, while Ishaan Mittal spent complete 9 years astatine nan patient and Tejeshwi Sharma much than 7 years, per their LinkedIn profiles.

Agrawal wrote successful a LinkedIn station that he had decided to “take nan entrepreneurial plunge” and was teaming up pinch Mittal and Sharma to commencement a caller task superior firm. He described nan move arsenic an opportunity to build a caller institution pinch longtime partners and thanked Peak XV’s activity for what he called a “truly awesome partnership.”

During his clip astatine Peak XV, Agrawal led investments crossed fintech, consumer, and software, including Groww, 1 of nan firm’s astir salient IPO exits successful 2025. He besides backed aggregate early- and growth-stage companies alongside Mittal and Sharma, contributing to Peak XV’s broader portfolio build-out complete nan past decade.

Agrawal, Mittal, and Sharma did not respond to messages for comments.

Peak XV has besides moved to fortify its elder activity from within. The patient connected Tuesday promoted Abhishek Mohan to wide partner, expanding its finance activity bench, while Saipriya Sarangan was elevated to main operating officer, taking complaint of firm-wide operations.

The activity changes travel amid a standout twelvemonth for Peak XV’s portfolio exits. Five of its companies — Groww, Pine Labs, Meesho, Wakefit, and Capillary Technologies — went nationalist successful November and December 2025, generating astir ₹300 cardinal (around $3.33 billion) successful unrealized, mark-to-market gains for nan firm, successful summation to astir ₹28 cardinal (about $310.61 million) successful realized gains from stock income during nan IPOs.

In summation to nan latest departures, Peak XV has seen a broader churn successful its elder ranks complete nan past 12 months. Last year, long-time finance leaders Harshjit Sethi and Shailesh Lakhani exited nan India team, while Abheek Anand and Pieter Kemps departed from nan firm’s Southeast Asia operations. The patient has besides seen activity changes crossed its marketing, policy, and operations teams successful caller months.

Singh dismissed a position circulating successful nan marketplace that galore of nan partners who drove Peak XV’s largest exits were nary longer astatine nan firm, calling nan communicative “not statistically true.” He said respective of nan firm’s astir important outcomes had been led by long-tenured partners who remained astatine Peak XV, and based on that nan firm’s exit way grounds did not hinge connected immoderate azygous individual.

Peak XV presently has 7 wide partners, on pinch aggregate partners and principals, according to Singh.

The VC firm, which split from Sequoia Capital successful 2023 and presently manages complete $10 cardinal successful superior crossed 16 funds, has made astir 80 investments linked to AI, Singh said, highlighting its push to deepen its attraction connected AI funding. It is besides preparing to unfastened a U.S. agency wrong nan adjacent 90 days arsenic it expands its world footprint, per Singh, while continuing to position India arsenic its largest and astir important market.

Singh stated nan patient believed AI would reshape task investing much profoundly than erstwhile exertion shifts, arguing that successful AI investing required investors pinch heavy method knowing alternatively than “generalist” experience. He added that Peak XV was looking to adhd much AI-native talent, including researchers and engineers pinch backgrounds successful instrumentality learning and large-scale exemplary development.

The patient has invested successful much than 400 companies, and its portfolio has seen complete 35 first nationalist offerings and respective M&As to date.