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Peak XV’s Shailesh Lakhani and Abheek Anand to step down

EntrackrEntrackr · 4m ago
Peak XV’s Shailesh Lakhani and Abheek Anand to step down
Medial

Peak XV’s managing partners Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led investments in Southeast Asia, have decided to step down. Lakhani has confirmed his departure from the venture capital firm through a post on micro-blogging platform X. “As my time at Peak XV/Sequoia India reaches 17.5 years, I’ve decided it’s the right moment to step back from the firm. It has been an incredible journey—one that began in August 2007, when India’s startup ecosystem was in its infancy, to today, where it stands as one of the most vibrant in the world. I wouldn’t have traded this courtside seat for anything,” said Lakhani. Anand has not made an official statement regarding his resignation, but TechCrunch first reported it this afternoon. Lakhani and Anand were appointed as Managing Directors of Peak XV during the company's rebranding from Sequoia Capital. This is a developing story. Stay tuned for updates.

Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr · 4m ago
Shraeyansh Thakur resigns from Peak XV after a decade
Medial

Shraeyansh Thakur resigns from Peak XV after a decade During his tenure at Peak XV, he was board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, among others. Shraeyansh Thakur, an investor at Peak XV Partners, has resigned after nearly 10 years at the venture capital firm, sources told Entrackr. This marks the fifth high-profile exit from Peak XV in the past year. “Shraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,” said one of the sources requesting anonymity. Queries sent to Peak XV and Thakur did not elicit any response until publication of the story. "After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post. Last month, Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand, stepped down after serving for more than a decade. Prior to that, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after over 11 years at the firm, while Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has returned to Peak XV Partners after his three-and-a-half-year-old venture shut down. In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategic shift towards investing in a more measured manner amid elevated valuations in the Indian market. This development came a year after Sequoia Capital rebranded as Peak XV.

Amit Aggarwal to quit Elevation Capital after four years

EntrackrEntrackr · 3m ago
Amit Aggarwal to quit Elevation Capital after four years
Medial

Amit Aggarwal, the Principal at Elevation Capital, has decided to step down after serving four years at the venture capital firm, sources aware of the development told Entrackr. This will be the second exit for Elevation in the past couple of weeks. "Amit Aggarwal is stepping down from his role at venture capital firm Elevation, and it remains to be seen whether he will continue in the investment space, explore entrepreneurial ventures, or take on a leadership role in a different sector,” said one of the sources. During his tenure at Elevation, Aggarwal was focusing on early-stage investments in social, content, and commerce (B2C). Previously, he led strategic planning and operations at Facebook, driving growth for Facebook, Instagram, and WhatsApp in India. Before that, he spearheaded the development of Qubo, a consumer IoT venture under the Hero Group. According to sources, Aggarwal will soon announce his departure from Elevation Capital. Elevation Capital declined to comment on the queries sent last Friday. Recently, Vivek Mathur, Partner and Chief Operating Officer (COO) at Elevation Capital, stepped down after 14 years to pursue advisory and mentorship roles. In December 2024, Capillary Technologies co-founder Krishna Mehra joined Elevation Capital as a partner, leading AI and SaaS investments from Silicon Valley, further strengthening the firm's India-US presence. Elevation Capital launched its early-stage-focused Fund VIII, valued at $670 million, in April 2022. Like Elevation, Peak XV has also experienced consecutive top-level exits over the past year. In 2025, the venture capital firm saw the departures of Shailesh Lakhani, Abheek Anand, and Shraeyansh Thakur, all of whom left after serving for over a decade.

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