Case Study
ArohaHealth
Series B to 2M Patients
Timeline: 36 months
How a two-person founding team and our Series A conviction built India's largest rural primary care network in 36 months.
Key Lessons
- Vernacular-first product design outperforms English-first in tier-3
- Supply-side density beats demand-side marketing
- Regulatory partnership is a competitive moat
Case Study
Vaultara
From MVP to $180M ARR
Timeline: 48 months
Why we led the seed round at zero revenue, and how infrastructure-layer patience created the dominant cross-border treasury platform in ASEAN.
Key Lessons
- B2B sales cycles in banking require 18-month runways
- Infrastructure wins are winner-take-most
- Regulatory licenses compound in value
Case Study
ClearSkies AI
Pioneering the Himalayan Carbon Market
Timeline: 24 months
Building the first satellite-verified carbon registry for Himalayan reforestation — and creating a new institutional asset class in the process.
Key Lessons
- Measurement creates markets
- Founding team domain credibility accelerates regulatory access
- Patient capital enables category creation