Peak XV Partners' Managing Director Harshjit Sethi Exits After 10-Year Stint
Harshjit Sethi, a managing director at Peak XV Partners (formerly Sequoia Capital India), has announced his resignation after a decade with the firm. Sethi, who served on the boards of companies like BharatPe, Sarvam AI, and Darwinbox, is the latest in a series of departures from the venture capital firm over the past year. Other notable exits include Shailesh Lakhani, Abheek Anand, Anandamoy Roychowdhary, and Piyush Gupta, along with several junior staff members. Peak XV Partners has confirmed Sethi's departure and expressed gratitude for his contributions.
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Peak XV Partners, the renowned venture capital firm formerly known as Sequoia Capital India, is facing another high-profile departure. Harshjit Sethi, a managing director at the firm, has announced his resignation after a decade-long tenure, adding to a series of exits that have marked the past year for the company.
Sethi's Departure and Legacy
Sethi took to LinkedIn to share news of his exit, expressing his intention to explore new opportunities. During his time at Peak XV Partners, Sethi made significant contributions to the firm's portfolio, serving on the boards of notable companies including BharatPe, Sarvam AI, and Darwinbox.
A Pattern of Departures
Sethi's resignation is not an isolated incident for Peak XV Partners. Over the past year, the firm has witnessed a string of exits, including:
- Shailesh Lakhani
- Abheek Anand
- Anandamoy Roychowdhary
- Piyush Gupta
In addition to these partner-level departures, several junior staff members have also left the organization.
Peak XV Partners' Response
In light of Sethi's departure, Peak XV Partners has confirmed the transition. The firm expressed gratitude for Sethi's contributions during his tenure and emphasized its continued focus on serving limited partners and portfolio founders.
Looking Ahead
As Peak XV Partners navigates these changes in its leadership team, the venture capital landscape in India will be watching closely to see how the firm adapts and maintains its influential position in the startup ecosystem. The departures may signal a period of transformation for the company as it continues to operate under its new identity following the split from Sequoia Capital.
While the reasons behind the recent string of exits remain unclear, such movements are not uncommon in the dynamic world of venture capital. As Peak XV Partners moves forward, the industry will be keen to observe any potential shifts in the firm's investment strategy or operational approach in the wake of these personnel changes.
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