Abhishek Mohan is promoted to General Partner in recognition of leading the firm’s consumer tech investments since 2018.

Unicorn India Ventures closes its third fund at Rs 1,200 crore, focusing on semiconductors, spacetech, and AI infrastructure, with emphasis on researchers returning from the US and more academics becoming co-founders.

Saipriya Sarangan has been appointed Chief Operating Officer to oversee all operations.

Peak XV Partners, a Mumbai-based VC managing over $10 billion across India and Southeast Asia, is undergoing a leadership shakeup as three senior partners depart after an internal disagreement, signaling a pivot toward artificial intelligence investments and U.S. expansion while keeping India at the core.

A standard disclaimer notes the content is informational and not financial advice, with outcomes dependent on market conditions and execution.

Other notable updates in the market include Fractal Analytics shrinking its IPO size, Dhan reporting higher profits and revenue, Nazara Technologies’ revenue decline, and a Supreme Court ruling prompting privacy policy scrutiny of Meta and WhatsApp.

The firm emphasizes a culture of high trust and agency, asserting that ambitions may diverge from the firm’s interests.

The press notes the publication date as February 3, 2026, aligning with the leadership changes.

Managing partner Shailendra Singh notes that board vacancies from exiting partners will be filled and underscores continuity and privacy around internal disagreements.

The leadership transition is framed as part of a broader venture-capital lifecycle amid regional exits, rather than due to a single factor.

Peak XV reiterates its commitment to the Indian startup ecosystem, highlighting decades of activity, founder partnerships, and 36 IPOs across its history.

Peak XV plans to close a new fund by early 2026 and expand globally with a U.S. office, aiming to capitalize on AI and other tech trends while maintaining independence in Asia and beyond.