Peak XV Sees Yet Another Exit, MD Harshjit Sethi Quits

SUMMARY

Peak XV Partners managing director Harshjit Sethi has quit the VC firm to explore new opportunities

Sethi joined Sequoia Capital in 2015, and he became the MD of Peak XV following the split of its India and Southeast Asia business

In his LinkedIn post, Sethi hinted that he would continue to be associated with the startup ecosystem

In yet another top-level exit at Peak XV Partners, its managing director Harshjit Sethi has quit the VC firm to explore new opportunities.

Sethi took to LinkedIn to announce his decision. “After a decade at Sequoia India and Peak XV, I’ve decided to leave the firm and explore a new innings. It’s been a journey rich in learning and relationships,” he wrote.

As per his LinkedIn profile, Sethi joined Sequoia Capital in 2015. He became a partner at the firm in 2021, and took over as MD of Peak XV after the India and Southeast Asia operations were carved out of Sequoia. During his tenure at Peak XV, Sethi claims to have led the VC firm’s investments in Apna, BharatPe, Darwinbox, smallcase, among others.

An alumnus of Stanford University, Sethi worked at McKinsey & Co and Dropbox before joining Sequoia.

In his LinkedIn post, he hinted that he would continue to be associated with the startup ecosystem. “There are few things that give me more joy than partnering with founders at the earliest of stages when belief matters most. Excited for the next decade!” he wrote.

The MD’s resignation comes amid a top-level exodus at the VC firm. Here’s a list of the key exits at Peak XV since August 2024:

peak xv exit spree

— Chief product officer Anuj Sahai quit last month to operate as an independent tech consultant

— Anirudh Bose Mullick, who served as the director of human capital at Peak XV for two years, quit in July to start consulting business Founders Fellows

— MD Abheek Anand left in March to take a career break

— Shraeyansh Thakur, an investor at the VC firm, quit in March to embark on entrepreneurial journey

— Chief marketing officer Gayatri Yadav left in February 2025 to join Reliance Industries

— MD Shailesh Lakhani announced his exit from the firm after 12 years in February

— Surge partner Anandamoy Roychowdhary quit in November 2024

— MD Piyush Gupta departed from Peak XV in August 2024 and later started secondary-focussed VC firm Kenro Capital

Amid these exits, Peak XV has continued to back new startups. In the past few months, the VC firm has invested in Metaforms, Truemeds, Luma, among others.

In April this year, reports said that the VC firm was planning to raise its first fund since its split from Sequoia. It was said to be targeting a size of $1.2 Bn to $1.4 Bn for the new fund which will invest in early stage startups across India and Southeast Asia.

Currently, Peak XV counts unicorns such as Pine Labs, CRED, Groww, Unacademy, among others, in its portfolio.