Venture Catalysts has four funds and three angel funds, which execute six to eight investments per month. The platform is an angel fund structure. Second, we have 9Unicorns, now renamed 100Unicorns. Seventy-five percent of the first fund has been deployed. Beams Fintech Fund has deployed 20 to 25 percent of capital. Elev8 is a $150 million fund. Together, they represent $550 million. Spyre, a prophetic technology fund, is a $500 million open-end fund.

The current focus is on space technologies, semiconductor startups, manufacturing automation, and healthcare product startups. As an early-stage investor, we think about what might be hot in the next two to three years. For example, we started investing in electric vehicles in 2019-2020: Blu Smart Mobility, Charge Zone and Zypp (Mobycy).

We have selected defense investments, and some of them have patents.

One of our companies, Ykrita Life Sciences, is developing a bioengineered artificial ectopic liver to treat patients with liver failure, instead of an organ transplant.

We are sector independent. We look for companies that solve unique problems and enjoy first-mover advantage. Our fund thesis is to identify idea-stage founders and late-stage growth sectors. The research aims to identify hot sectors and business models that can work in India. We also see the output available for these sectors.

Spyre invests in growth-stage startups, while Venture Catalysts and 9Unicorns focus on the seed and series stages, respectively. The growth phase is not our strong point. The check size in Venture Catalysts ranges from $250,000 to $1 million. At 9Unicorns, it’s between $250,000 and $500,000. In growth funds, it’s between $10 million and $25 million.

We created companies like Pixus (formerly Absentia). We gave them the first three checks. Today it is a company worth more than a billion dollars. We presented the first three checks to Video Verse (formerly Torch). We have received exit offers from these companies.

We have invested in a company called Rezolve.ai, based in Dehradun; we get a lot of startups like this from second-tier cities. Their main base is in the United States. Many high-tech AI product companies are constantly offering exit deals.

Around 15% of our investments are dedicated to AI and deep technologies. We recently sold a company called Prescinto to IBM. We invested the first check from Venture Catalysts and 9Unicorns.