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Peak XV Partners on Tuesday announced the departure of three high-profile leaders in its senior investment team.
The venture capital firm confirmed in a release that managing director Ashish Agrawal is exiting the fund. The decision followed internal discussions which concluded that his departure was in the best interests of the firm’s Limited Partners and its long-term strategy. Following Agrawal's exit, Ishaan Mittal and Tejeshwi Sharma have also decided to leave the firm to join him in a new venture.
To manage this rejig, Peak XV has promoted Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer. Mohan joined the fund in 2018, mainly leading consumer technology investments.
The firm framed these departures and subsequent promotions as part of an effort to "strengthen its capabilities" in the artificial intelligence (AI) sector.
Formerly known as Sequoia Capital India & SEA, Peak XV currently manages over $10 billion in capital across 16 funds.
The venture capital firm confirmed in a release that managing director Ashish Agrawal is exiting the fund. The decision followed internal discussions which concluded that his departure was in the best interests of the firm’s Limited Partners and its long-term strategy. Following Agrawal's exit, Ishaan Mittal and Tejeshwi Sharma have also decided to leave the firm to join him in a new venture.
To manage this rejig, Peak XV has promoted Abhishek Mohan to general partner and Saipriya Sarangan to chief operating officer. Mohan joined the fund in 2018, mainly leading consumer technology investments.
The firm framed these departures and subsequent promotions as part of an effort to "strengthen its capabilities" in the artificial intelligence (AI) sector.
Formerly known as Sequoia Capital India & SEA, Peak XV currently manages over $10 billion in capital across 16 funds.
