Peak XV Partners to expand in U.S. as three senior partners depart

Peak XV Partners, a venture capital firm operating in India and Southeast Asia, is managing the departure of three senior partners following internal disagreements. Managing Director Shailendra Singh attributed the exits of senior partner Ashish Agrawal, alongside partners Ishaan Mittal and Tejeshwi Sharma, to a mutual decision to part ways after an internal disagreement. Singh stated that the firm wanted to move forward quickly and declined to share specific details of the dispute, saying, “Just out of privacy, and out of, like, trying to be classy about it,” when discussing the decision. Singh also noted that departures are not uncommon at large, multi-stage venture firms. Following his departure, Agrawal plans to take what he described as an entrepreneurial plunge to start a new venture alongside Mittal and Sharma, calling his time at the firm a truly wonderful partnership.

The leadership transition comes as Peak XV Partners shifts its focus toward artificial intelligence and global expansion. The firm is deepening its focus on AI investing, having already made about 80 investments linked to AI. Singh stated the firm believes AI will reshape venture investing, requiring investors with technical understanding. Additionally, Peak XV is expanding its footprint in the U.S. and is preparing to open a U.S. office within the next 90 days, though it continues to view India as its largest market.

To support its operations during this transition, Peak XV announced internal promotions on Tuesday. The firm promoted Abhishek Mohan to general partner—a senior investment role—and elevated Saipriya Sarangan to chief operating officer. These changes follow a period of liquidity for the firm, which manages over $10 billion in capital. Following several portfolio companies going public in November and December 2025, the firm recorded the following financial gains:

• Roughly ₹300 billion (around $3.33 billion) in unrealized, mark-to-market gains, which represent accounting gains based on current market value and remain profits on paper.
• About ₹28 billion (about $310.61 million) in realized gains from share sales during the initial public offerings.

Why it matters

Peak XV is balancing a leadership transition with a pivot toward AI and global expansion, testing the firm’s ability to maintain continuity while scaling its U.S. presence.