Investment Themes
We back founders building category-defining companies across three core themes.
India and Southeast Asia are home to 2 billion people who speak hundreds of languages and interact with technology in fundamentally different ways than the West. We believe the next generation of AI companies will be built here — optimized for local languages, low-bandwidth environments, and mobile-first users.
Market opportunity: India's AI market alone is expected to reach $17B by 2027. Southeast Asia adds another $12B.
India's UPI processes 10B+ transactions per month. Indonesia's digital payments are growing 30% annually. We invest in companies building the next layer of financial infrastructure — from embedded lending to cross-border payments to digital insurance.
Market opportunity: India's digital payments market will reach $10T in transaction value by 2026. Indonesia's fintech market is the largest in SEA.
Asia's software penetration is still a fraction of the US. As millions of SMEs digitize and enterprises modernize their stacks, we see massive opportunity in vertical SaaS, developer tools, and B2B commerce platforms built for Asian workflows.
Market opportunity: India's SaaS industry is projected to reach $50B in revenue by 2030. SEA enterprise software is growing 25% annually.
Founders who build for local markets first, not just copy Western models.
Problems that affect millions of users or thousands of businesses.
Proprietary technology, data advantages, or network effects that compound over time.
Founders with deep domain expertise, relentless execution, and the ability to attract world-class talent.