Peak XV Partners, a venture capital firm in India and Southeast Asia, has announced key appointments following a fresh round of senior departures.
In a statement, the venture investor said it has promoted investor Abhishek Mohan to general partner and elevated Saipriya Sarangan to chief operating officer, as it sharpens its focus on artificial intelligence (AI) investing.
Peak XV said the leadership updates are designed to strengthen the firm’s capabilities in an era of “unprecedented change” driven by AI.
The firm said it plans to expand its bench of “AI-native” investors and build stronger go-to-market support for portfolio companies, adding it has recently closed its 80th AI investment.
It recently anchored the $8 million seed funding for Agrani Labs, an AI semiconductor startup.
The announcement also confirmed the exit of managing director Ashish Agrawal, which Peak XV described as a mutual decision taken after discussions, and said two other investors, Ishaan Mittal and Tejeshwi Sharma, decided to leave following Agrawal’s departure.
“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.
Reports said the exits followed an internal disagreement, but managing director Shailendra Singh was quoted as saying that the departures are not uncommon at large, multi-stage venture firms and that Peak XV wanted to move on quickly after years of working together.
Agrawal had been with Peak XV for more than 13 years, while Mittal spent over nine years at the firm and Sharma more than seven years.
Mittal confirmed in a social media post that he, Agrawal, and Sharma plan to launch a new venture capital firm, adding to broader leadership churn across early-stage investing as the venture market remains selective after the post-pandemic boom.
Peak XV, formerly Sequoia Capital India & SEA, invests across India, Southeast Asia, and beyond. It manages more than $10 billion across 16 funds and has invested in more than 400 companies over two decades.
Five of the firm’s companies—Pine Labs, Groww, Wakefit, Meesho, and Capillary Technologies—went public in November and December 2025.
