Ashish Agrawal was the centre of attention at an industry event hosted by Peak XV in December 2025. Fresh off taking Groww to the IPO milestone, Agrawal was in the thick of it on the night — founders, other investors, representatives of industry bodies and law firms huddling around him, more than any other partner from the firm. It showed that Agrawal had well and truly become a vital cog in the Peak XV machine. All that changed in a matter of weeks. “I remember celebrating Ashish’s breakthrough performance (Groww IPO exit), which put Peak XV right there at the top of India’s VC industry in terms of exits. It was the most successful exit by any VC fund in India,” a partner working with a marquee global VC firm told Inc42. Like much of the startup ecosystem, the VC world was stunned by what had happened at Peak XV Partners with the exits of its three partners — managing directors Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma. It is part of an exodus from the major VC fund that began close to two years ago. “There was not much chatter or shock in investor groups on WhatsApp around this.… Read MoreInc42 Media
