Asymmetric
Upside.
We don't play the venture lottery. We engineer outcomes. By controlling distribution, talent, and capital, we de-risk the 0-to-1 journey for our LPs.
The Model
MARKET_ARBITRAGE_V1
Cross-Border Arbitrage
We execute a precision strategy: Build IP in India (high talent density, lower cost) and distribute in the US/UK (high yield). This structural margin advantage allows us to reach profitability 2x faster than US-native startups.
Venture Studio Alpha
Studios outperform traditional VC funds by owning more equity at a lower basis.
VS 19% INDUSTRY AVG
Portfolio by Pillar
6 COMPANIES • 6 PILLAR TAGS
- R Risk 0 companies
- E Embedded 1 company
- A Analytics 2 companies
- D Distribution 3 companies
Radical
Transparency.
We follow a regular reporting cadence for our investors. You see the detail of our decision-making, the upsides, and the downsides.
Regular Reports
Detailed breakdown of decision-making and portfolio performance.
Upsides & Downsides
Transparent view of what's working and what isn't.
The READ Framework
$1.1T ADDRESSABLE MARKET
Risk
$51.25B • 15.1% CAGR
New industries create new risks faster than traditional underwriting can price them. Cyber attacks, autonomous vehicles, climate volatility—legacy models fail. We back founders who build the pricing infrastructure for tomorrow's risks.
Growth Drivers
- Parametric health triggers for chronic care
- Enterprise cyber risk quantification
- Digital health coverage gaps
Sources: Munich Re Cyber Survey, Swiss Re Sigma, Deloitte Insurance Outlook
Embedded
$143.9B • 20% CAGR Fastest growth
Insurance sold at the point of need converts 4-10x better than standalone policies. Platforms want protection for their users. We build the rails that embed coverage into commerce, travel, and finance.
Our Ventures
Growth Drivers
- E-commerce platforms adding protection at checkout
- Fintech apps embedding lending protection
- API-first distribution replacing agents
Sources: InsTech, McKinsey Insurance, Swiss Re Sigma
Analytics
$13.8B • 16.7% CAGR
Insurance runs on data, but most carriers still use 20-year-old actuarial models. AI is rewriting how underwriting and claims work. We back the picks and shovels of insurance modernization.
Our Ventures
Growth Drivers
- LLMs enabling straight-through claims processing
- Fraud detection saving $80B+ annually
- Real-time underwriting replacing manual review
Sources: Coalition Against Insurance Fraud, Gartner, WTW
Distribution
$900B • 6% CAGR Largest TAM
3 billion people are underinsured. India, Southeast Asia, Africa—massive populations with rising incomes and smartphone penetration. We build distribution for the next billion policyholders, with mobile-first UX and micro-premium products.
Growth Drivers
- India insurance penetration at 4% vs 11% global avg
- Mobile payments enabling micro-premiums
- Regulatory reforms opening new markets
Sources: IRDAI, Swiss Re Sigma, World Bank Findex
Strategic Council
INDUSTRIAL_EXPERTISE
Sudip Banerjee
Executive Director and CEO
IIT BTech – IIM PGDM - IT Leader 3+ Decades. Reliance Capital Group CTO. Zscaler CTO. Reliance General Insurance COO. GE Money IT leader. Google Industry Lead for Security Sales
Kamal Kishore Das
Founder and Managing Director
IIM PGDM – IIT BTech - Entrepreneur with successful venture in analytics. Former ICICI Lombard Insurance VP. Ran digital business for the largest private general insurer in India.
Adarsh Das
Investor & Board Advisor
Co-Founder and CEO of SunSource Energy. Two decades building solar infrastructure across the globe. IIT and Ross MBA.
Mukut Deepak
Business Leader
24 years across BCG, Bain, Nykaa, Byju's, Tata Sky, and Unilever. Scaled businesses from incubation to billion-dollar outcomes.
Mike Glover
Entrepreneur in Residence
Former MD India for Lafarge. 40 years in construction supply chain. Led $2bn+ in M&A across the UK and India.
Are we a fit?
We're selective about capital partners. We look for alignment in three areas.
Risk Appetite
Appreciation of startup capital risks. You understand the power law distribution of venture returns.
Long Horizon
Multi-year time commitments. We build generational companies, not quick flips.
Value Add
Potential for other growth drivers like network access, regulatory insights, or strategic partnerships.
Request Access
Our data room is open to qualified LPs and strategic partners.
Contact IR Team