THESIS-DRIVEN VENTURE CAPITAL • SEBI CAT I AIF

We are an early-stage venture capital fund.

To invest in seed-stage, B2B and Emerging Technologies companies solving real problems and creating large-scale impact.

STAGE Pre-Seed / Seed Pre-A if stars aligned
FIRST CHEQUE USD 0.5 – 1.5M Sweet spot: USD 1.0M
FOLLOW-ON Up to USD 3.0M Subsequent rounds
GEOGRAPHY Strictly India Essential ties & ops
SECTORS B2B Agnostic Most nothing in B2C
“Above all, we care about two things: Innovation, and Impact.”
01 PILLAR

Innovation

Innovation in science, engineering, products, processes, systems, et al.

02 PILLAR

Impact

Impact on society, on the environment, on the planet.

02 INVESTMENT THESIS

Four deliberate parameters.
No ambiguities. No drift.

We are thesis-driven investors. Our mandate is tightly calibrated to where we can provide genuine asymmetric leverage to founding teams.

01
ENTRY POINT

Stage

“Pre-Seed/ Seed. Pre-A if our stars are aligned. No later.”

Pre-revenue is just fine.

Companies at idea / prototype / proof-of-concept stages. We enter when convictions are nascent and execution begins.

02
CAPITAL COMMITMENT

Size

“USD 0.5–1.5 mn first cheque. Sweet spot: USD 1 mn.”

Follow-on up to USD 3 mn

Follow-on in subsequent rounds of up to USD 3 mn. Capital structured to provide real runway to achieve commercial gravity.

03
DOMAIN BOUNDARY

Sectors

“Agnostic. Will look at most everything in B2B. (And most nothing in B2C).”

Real Problems Only

Increasing efficiency in broken supply chains (like agriculture), modernizing antediluvian industries (a la insurance), energy transition, and tech built from India for the world.

04
JURISDICTION

Geography

“Strictly India-centric.”

Essential Ties in India

Essential operations or ties must be in India. “Not equipped to invest in geographies we don't understand.”

03 FILTER & VALUES

We invest in ideas that matter.

We believe in liberty but also in equality. We believe in efficiency but also in community. And we believe these seemingly contradictory positions can reinforce each other.

⛔ WHAT WE DO NOT INVEST IN

“We have no interest if you are setting up the next social media network, a lifestyle brand, or addressing other problems of plenty. No disrespect intended, but it’s just not for us.”

THE SIX MERAK VALUES
01

Be Bold

Work hard to understand the unknown and have the gumption to back the audacious.

02

Create a Better World

Use our money and influence to make people happier, healthier, better. To do good. And to do no evil.

03

Have Fun

Really enjoy what we are doing. It’s key to excellence and longevity.

04

Be Authentic

Be true to ourselves and others. Don’t lie, don’t be evasive, don’t BS.

05

Embody Empathy

It’s a hard world for entrepreneurs. We hope to be kind, considerate, generous.

06

Pursue Excellence

In all that we do. We are very good at our work, but we can be better, and we will always be chasing that.

FOUNDER PROFILE MULTIPLIER

What Makes Exceptional Founders

“There’s no substitute for expertise – whether technological expertise that goes into building core infrastructure, domain expertise that goes into rich vertical applications, or user expertise that delights customers. Couple that with rapid learning, ambitious execution, and a single-minded focus on solving problems that matter, and the sky’s the limit.”

— Abraham Thomas, Venture Partner
04 RESEARCH FRAMEWORK

The Emerging AI Stack

“At Merak, we are thesis-driven investors... fortune favours the prepared mind. Therefore, we are constantly creating and evolving frameworks through which to understand startups and the markets they operate in.”

By Abraham Thomas • Published 15 March 2024 •
05

End-User Applications

Thick vs. Thin Wrappers

Sticky domain-specific nuance, workflows & operational habits vs. fragile thin wrappers.

04

Data Infrastructure

Systems of Record

Application-specific datasets, data learning loops & specialized domain corpora.

03

Software Infrastructure

Codebase Rewrite

Vector databases, orchestration primitives, RAG pipelines, fine-tuning horizontal tooling.

02

Foundational Models

Low-Cost Disruptors

Open-source efficiency, specialized research spinouts, compact language models.

01

Physical Infrastructure

Hardware & Compute

Physical compute, ASICs, optoelectronics, power & storage bottlenecks.

05 COMPANIES

Built alongside founders.
From inception to market gravity.

11 Merak Fund I Companies Active Seed & Pre-Seed Deployment
17 Prior Venture Portfolio Co-founded & Managed via grow x Fund I
09 Exited Companies Acquisitions by Nasdaq, Jio, Discovery, Ezetap
06 EDITORIAL STORIES

Observations, frameworks,
and ecosystem dispatches.

“Dive into the pulse of innovation and impact - our razor-sharp insights meet headline-making stories right here.”

07 SELF-CHECK

Thesis Match Radar

We respect your time. Take 30 seconds to simulate your company's alignment against Merak’s explicit thesis before pitching.

25%
RADAR COMPATIBILITY Analyzing Stage...
STEP 1 OF 4
08 PEOPLE

Our Stargirls and Starboys

“We are at all times a set of magicians, tight-rope walkers and tiger trainers - just what you need to make dreams come true, ward off enemies and storm the citadel.”

FUND PARTNERS
INVESTMENT & OPERATIONS TEAM
OUR VENTURE PARTNERS
09 CONNECT

Let's build what matters.

Direct, verified routing to the right inbox. No gatekeepers.

ENTREPRENEURS 🚀

Pitch & Investment

“If you think you could be the next Google (or thereabouts), drop us a note for a big helping of nosiness.”

TALENT ⚡

Careers & Joining

“If you’re passionate about entrepreneurship and start-ups (read: you’re willing to chuck your cosy corporate job and the money and rough it out in the real world), then drop us a line.”

PRESS & GENERAL 🕊️

Curiosity & News

“If you’re generally curious about our political leanings, favourite cricketers, or possibly the work we do, send us a message via a pigeon, or a note in a bottle, or more boringly, write to us.”

New Delhi
HNO-MN02, Hub and Oak, LGF E-14,
Defence Colony, New Delhi - 110024
View on Google Maps ↗
Singapore
Capital Square, Level 07,
23 Church Street, Singapore 049481
View on Google Maps ↗