Peak XV Partners Leadership Reshuffle and AI Focus

Three managing directors, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have exited Peak XV Partners to launch a new venture capital fund. This follows a mutual agreement for Agrawal's departure, with Mittal and Sharma deciding to join him. These exits are part of a broader leadership transition at Peak XV Partners, formerly Sequoia Capital India, which has also seen other senior departures over the past year. In response, Peak XV Partners has promoted Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer. The firm is currently in the process of raising its first independent fund, targeting $1.2-1.4 billion, and is sharpening its focus on artificial intelligence-led investing, aiming to deepen its bench of AI-native investors.