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&OTHERS • 18d

“Another one leaves Peak XV.” But this time… it’s not just another. Two key team members — Suraj Agarwalla (VP, Growth) and Vedant Trivedi (Surge) — have now exited the firm. This marks the fifth high-profile exit in less than a year — following Shailesh Lakhani, Abheek Anand, Piyush Gupta, and Anandamoy Roychowdhary. What’s really going on inside India’s most powerful VC firm? Is this just natural reshuffling after the Sequoia → Peak XV split? Or are young investors rethinking their career paths altogether? Across the board, mid-level VCs are either turning founders, launching solo funds, or joining startups to drive impact from the ground up. And in a market where fundraising is slow and scrutiny is high — even Peak XV had to cut its growth fund by $465M last year — maybe it’s not just founders who are pivoting. Is the VC dream losing its shine? Or are we witnessing the next evolution of Indian venture capital? Is this the new normal? Or a sign of deeper shifts to come?

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