The work, named and dated.
Selected engagements from the last two years. Where the client has asked for confidentiality, we describe the work without naming them.
India’s startup capital is rotating out of software into the factory floor. The map, sector by sector.
For a decade, Indian venture capital meant software. In 2025-26, that stopped being true — not in headlines, but in cheque sizes, deal counts, and where the smart money is actually moving.
Read case →Compliance is the new product moat in Indian fintech. The firms that figured it out before the RBI did.
For most of the last decade, regulatory compliance in Indian fintech was treated as a cost centre — something to minimise. After April 2026, that thinking is obsolete.
Read case →iDEX is on its 13th edition. The graduates who actually got contracts. The ones who didn’t.
Eight years after launch, India’s flagship defence innovation programme has opened more than 540 problem statements and signed roughly 430 contracts. The conversion rates underneath are more useful.
Read case →The China+1 thesis matured this year. India got selective about which "+1" it wants to be.
Until 2024, China+1 was a panic-driven hedge. By 2026, the same firms are running institutional diversification programmes — and India has started saying no to capacity it doesn’t want.
Read case →India’s semiconductor bet is real. The two questions VCs should be asking.
After two years of announcement-driven coverage, India’s semiconductor mission has moved from PowerPoint to ground. The bet is real, but two questions decide whether capacity becomes commercial volume.
Read case →