"The latest departures stem from an internal disagreement with senior partner Ashish Agrawal (pictured above, left) that led to a mutual decision to part ways, Managing Director Shailendra Singh told TechCrunch. He added that two other partners, Ishaan Mittal (pictured above, right) and Tejeshwi Sharma (pictured above, center), chose to leave alongside him. Singh said Peak XV did not want to go into the specifics of the disagreement and was focused on moving forward. "Just out of privacy, and out of, like, trying to be classy about it," he said. Singh added that such departures were not uncommon at large, multi-stage venture firms and that Peak XV wanted to move on quickly after several years of working together."
"All board seats held by the departing partners would be transitioned "imminently," Singh said, noting that the firm already had overlapping representation across several portfolio companies. He said Peak XV was not concerned about continuity, noting that multiple general partners and operating partners were already involved across many of those boards. The departures mark the exit of long-tenured investors from the firm. Agrawal had been with Peak XV for more than 13 years, while Ishaan Mittal spent over nine years at the firm and Tejeshwi Sharma more than seven years, per their LinkedIn profiles."
Peak XV Partners experienced a fresh round of senior departures after an internal disagreement with senior partner Ashish Agrawal, with Ishaan Mittal and Tejeshwi Sharma leaving alongside him. Managing Director Shailendra Singh emphasized privacy around the specifics and said the firm is focused on moving forward. All board seats held by the departing partners will be transitioned imminently, with overlapping representation across several portfolio companies. Peak XV expressed no concern about continuity, citing involvement of multiple general and operating partners on boards. The departing partners had long tenures, and Agrawal plans to form a new venture firm with Mittal and Sharma. Peak XV continues prioritizing AI investing and U.S. expansion while keeping India as its largest market.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]