Peak XV Partners, the $10 billion-plus investment firm formerly known as Sequoia Capital India & Southeast Asia, has raised $1.3 billion across three new funds: India Seed, India Venture, and an Asia Pacific vehicle. The capital, which will be deployed over the next two to three years primarily into AI, fintech, and consumer startups, represents the firm's first independent fundraise since its separation from Sequoia Capital in 2023.
The close did not come easily. In late January, senior partner Ashish Agrawal departed abruptly, alongside investors Ishaan Mittal and Tejeshwi Sharma, mid-fundraise. Agrawal had led Peak XV's investment in Groww, one of the most successful VC exits in Indian history: approximately $35 million deployed for more than 52 times returns at Groww's IPO in November 2025.
Reporting by Newcomer described the split as rooted in a dispute over profit-sharing, with Agrawal seeking as much as $200 million from the Groww outcome. The three departing partners are launching their own venture capital firm. Two senior partners made a special trip to New York to reassure nervous LPs, and Peak XV kept the deal on track.
Ashish Agrawal (left), Shailendra Singh (right)
The exits followed a broader pattern of senior turnover. Partners including Pieter Kemps, Shailesh Lakhani, Abheek Anand, Shraeyansh Thakur, and Anandamoy Roychowdhury had departed in preceding years, and Inc42 reported that approximately 50 employees across marketing, product, and advisory roles had also left.
In response, Peak XV promoted Abhishek Mohan to general partner and elevated Saipriya Sarangan to chief operating officer. Managing director Shailendra Singh told TechCrunch the firm retains deep experience, with five of its seven managing partners having been with Peak XV for more than a decade and a broader team of over 30 full-time investors.
The current leadership is now centred on three people: Singh, Mohit Bhatnagar, and GV Ravishankar. It is the last of these who has received the least attention, and who tells a different story about where Peak XV is heading.
Ravishankar is based in Dubai. He currently sits on the boards of three MENA companies (Huspy, Tabby, and Lean Technologies), has led or co-led investments in at least four regional startups in the past 12 months, and in August 2025 hosted Peak XV's first ever Dubai Open House.
While the headlines have focused on internal turmoil, Ravishankar has been quietly assembling a MENA portfolio that now spans BNPL, fintech, proptech, wealthtech, and consumer.
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