Dear Investor, When we end a year, we also begin a new one; and this is the beauty of the cyclical nature of life, as well as of our business. From the days when startups were few and far in between, when investors such as yourself were rare, we are now seeing the beginning of a wave

Dear Investor, There is no greater sporting spectacle than the Olympics: it remains the ultimate goal for any athlete. In this aspect, a sportsman aiming for an Olympic medal is akin to a startup founder: both enter the field with a burning passion to accomplish something that no one has done before them. Failures and defeats strengthen both,

Dear Investor, Since I last wrote to you in September 2020, a country that was hesitantly emerging from the lockdown has begun to charge ahead with renewed vigour. If the conversation during the nine months from March to December were mostly about the lockdown and the seemingly unstoppable spread of COVID19, the start of the

Dear Investor, When Charles Dickens, wrote “It was the best of times, it was the worst of times…” he could well have been thinking of 2020. Except that he wrote these opening lines of his classic, A Tale of Two Cities, as far back as 1859. He also went on to write, in the same sentence, “…it was

Dear Investor, As India rightfully claims her place in the new world order, she does so with pride. On the back of millions of the brightest minds who are among the largest STEM talent pool on our planet. Each one a celebration of the Imagi-Nation that we are: a nation that can collectively imagine the

Dear Investor, For an entrepreneur and an investor, every decision for something is a decision against something else. Likewise, with life. We operate in a world of choices every day, every minute; and some of our decisions turn out to be right, while others appear to be questionable at that moment. Time passes and we

Dear Investor, Several metrics showcasing the strength of the Indian tech startup ecosystem in NASSCOM’s latest report indicate that we are approaching escape velocity. India added eight new Unicorns in 2018, and now has the third largest number after USA (126) and China (77). More importantly, the time to attain billion-dollar valuation is now 5-7 years,

Dear Investor, In a world beset with challenges, it gives me immense pleasure to report that our focused approach to identifying and investing in specific startups is starting to pay off. As you know, we launched the fund with one clear objective: we would not adopt the spray-and-pray approach but would, instead, buckle down and look at

Dear Investor, In Nov’17, your fund was recognised as one of ‘Top 10 Performing PE/VC across Vintage & Sectors’ by Preqin Insights on Alternative Assets in India! We are the “Youngest Fund” in India to be featured on this list and amongst the two VC funds to make the top-rank along with well-established PE and

Dear Investor, The most fascinating times in history have been filled with tumult and upheaval. The participants who were living through these momentous changes were probably experiencing trepidation and pain – till the impact of those changes settled in to bring about astonishing growth. And the cycle continued to repeat itself. We live in not