‘Biggest dream of my life’: Tejeshwi Sharma, two others exit Peak XV to start their own VC firm

Venture capital firm Peak XV Partners has seen the exit of three senior investment professionals Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma, as part of an ongoing leadership transition at the firm, even as the trio prepares to launch a new venture capital platform together.

Peak XV said the decision to part ways with Agrawal was mutually agreed upon following discussions around the long-term interests of its limited partners and the institution.

After Agrawal’s departure, Mittal and Sharma also decided to step away from the firm.

In parallel, Peak XV has promoted Abhishek Mohan to General Partner and elevated Saipriya Sarangan to the role of Chief Operating Officer, as the firm sharpens its focus on artificial intelligence-led investing.

Confirming the move, Sharma said in a post on X that the three departing partners are coming together to build a new venture capital firm.

“I am deeply grateful to Peak XV / Sequoia India for taking a chance on me, a starry-eyed 25-year-old, in 2012. It has been an extraordinary journey, marked by lifelong friendships, learning the craft of venture capital, and the privilege of working alongside world-class founders building enduring companies,” he said.

“I am stepping away from Peak XV Partners to pursue the biggest dream of my life: building a new venture capital firm with my partners, and friends of nearly 15 years, Ashish and Ishaan,” he added.

Details on the proposed fund, including its size, investment focus and launch timeline, have not yet been disclosed.

I am deeply grateful to Peak XV / Sequoia India for taking a chance on me, a starry-eyed 25-year-old, in 2012. It has been an extraordinary journey, marked by lifelong friendships, learning the craft of venture capital, and the privilege of working alongside world-class founders… pic.twitter.com/cvi1NsUHKX

— Tejeshwi Sharma 🇮🇳 (@tejeshwi_sharma) February 3, 2026

The three investors bring deep and complementary experience across India’s technology ecosystem. Agrawal, who worked largely on the venture side, was responsible for fintech and select consumer bets, including Groww.

Mittal, who focused on growth-stage investments, is known for backing companies such as Mamaearth and Razorpay, spanning consumer and fintech segments.

Sharma, who joined the firm in 2012, spent more than a decade investing in SaaS and fintech startups, with notable bets including Cred and Whatfix.

The exits add to a series of high-profile departures from Peak XV over the past 15 months. In September 2025, managing director Harshjit Sethi resigned after nearly a decade at the firm. Earlier, managing directors Shailesh Lakhani and Abheek Anand, along with investors Shraeyansh Thakur, Piyush Gupta and Anandamoy Roychowdhary, had also moved on. In 2024, Gupta went on to launch Kenro Capital, a fund focused on late-stage secondary transactions.