We concentrate where India has structural advantage and the world has unmet demand. Each theme below is a sector we're either actively building in, researching deeply, or actively sourcing founders for.
India's manufacturing share of GDP is targeted to reach 25% by 2030. Achieving that requires building the next generation of factories — automated, vertically integrated, export-grade. The window to set the standard is open right now.
India's semiconductor mission and the global push to diversify away from concentrated supply chains create a once-in-a-generation opportunity. We focus on manufacturing, distribution, and raw materials — the unglamorous middle of the stack where margins compound.
Smart manufacturing systems that bring sensor data, predictive maintenance, and AI-driven quality control into Indian factory floors. We back companies building the operating layer for the next generation of mid-market manufacturers.
Maritime manufacturing for cargo, naval, and specialized vessels. India's coastline and labor cost advantage are structural; what's missing is modern yard infrastructure and design capability. We're researching entry points.
Healthcare technology manufactured in India for India and the developing world. Domestic medical device imports cost over $4B annually — most can be built locally at a fraction of the cost with the right manufacturing capability.
The energy transition isn't an ESG line item — it's the largest capital reallocation of the century. India will be both a major consumer of new energy infrastructure and a manufacturing hub for the components the world needs.
Sustainable baseload energy infrastructure, including small modular reactors and the supply chain around them. As India accelerates its civil nuclear program, the surrounding ecosystem of fabrication, fueling, and operations is wide open.
Clean energy transition — green hydrogen production, storage, and distribution. India's $2B Green Hydrogen Mission targets 5 MMT annual production by 2030. We're focused on electrolyzer manufacturing and industrial off-take.
Eco-friendly material innovation built around India's agricultural surplus — sugarcane bagasse, rice straw, banana stem. The replacement of petroleum-derived packaging is a $400B+ global category. India can manufacture both substrate and finished goods.
Circular economy solutions across metals, plastics, e-waste, and textiles. India's recycling rates are among the highest globally — but the infrastructure is informal. Formalizing this sector creates margin, scale, and ESG-compliant supply for global brands.
Compute, motion, intelligence. The frontier categories where Indian talent depth meets global demand for novel approaches — and where the bar is high enough that being good enough to compete requires real depth.
Next-generation computing solutions across hardware, control systems, and application software. India's quantum mission and national research labs create a credible path to commercial spin-outs. We're tracking opportunities at the hardware-software interface.
Automation and AI solutions for industrial, agricultural, and service applications. The intersection of cheap actuation, on-device AI, and Indian labor cost dynamics creates novel product categories that don't make sense in Western markets.
Indian industry has always exported. What's missing is the infrastructure that makes export the default, not an aspiration. We back companies building the rails for Indian businesses to operate globally from day one.
Streamlined logistics, warehousing, and last-mile across India and its export corridors. India spends nearly 14% of GDP on logistics versus 8% in developed economies. The arbitrage is structural and the opportunity is decade-long.
B2B platform infrastructure for industry-specific exports — compliance, payments, freight, customer acquisition. We use our 40+ country network as the first customer for the platforms we back.
Financial infrastructure for the next generation of cross-border B2B commerce — letters of credit, trade finance, working capital, FX risk management — rebuilt for the digital age.
32 million Indians live outside India. They consume Indian products, services, and culture in ways global platforms underserve. We back vertical-specific commerce, media, and services platforms targeting this market.
We're actively meeting founders in every pillar above. If you're working on something we should know about, tell us.