BENGALURU: Three partners at Peak XV Partners — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma—exited the VC firm in quick succession, marking one of the most significant leadership changes since its separation from Sequoia Capital. Agrawal, who spent over 13 years at the firm, said in a LinkedIn post that he is starting a new venture capital firm with long-time colleagues Mittal and Sharma. Ajey Gore, a senior operating partner associated with the firm’s technology platform, is also stepping away. A Peak XV spokesperson clarified that Gore is taking a health-related sabbatical.Peak XV, in a separate blog post, said it “mutually decided to part ways” with Agrawal, adding that Mittal and Sharma chose to join him. The firm did not disclose details of the new fund or its investment strategy. Together, the exits have thinned Peak XV’s mid-generation leadership bench. Agrawal was part of the venture investing team and led several early bets, including Groww, alongside investments across fintech, education finance, healthcare, and SaaS. Mittal and Sharma were part of the growth investing group, backing scaled consumer, fintech, and software companies and working through late-stage expansion and IPO journeys. Gore’s departure, while separate in context, adds to the sense of flux.
