A change of guard is underway in Indian venture capital, as seasoned general partners (GPs) exit marquee funds to launch leaner, nimbler firms, ushering a generational churn in early-stage investing. The push by senior partners to go solo comes amid a broader reset in venture investing. Large exits have been sparse, and the artificial intelligence frenzy that has swept global markets has largely eluded India, leaving tech-focussed VCs in a state of uncertainty.