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

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 remained Managing Directors of Peak XV following the company's rebranding from Sequoia Capital in June 2023.

With this, Peak XV has seen four high-profile exits in the past year. In April 2024, Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. In November 2024, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after more than 11 years at the firm.

Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has rejoined Peak XV Partners following the shutdown of his three-and-a-half-year-old venture.