Pavestone Technology Fund is our SEBI (Securities and Exchange Board of India) registered Alternate Investment Fund (AIF) with a target corpus of INR 9000 million (~$ 100 million). The fund is managed by an experienced management team with deep and diverse expertise in Enterprise and Deep Tech investing, building, and scaling products/platform companies. Our founding team also includes accomplished entrepreneurs. This enables us to support our portfolio firms with financial and experience capital, in their growth journey. The primary focus of our fund is early growth-stage firms that solve problems of large enterprises, both public and private, in the B2B space. Typically, these firms have established product-market fit and demonstrable market success, with ~1M in annual recurring revenue and key anchor clients. They are looking for capital infusion to expand rapidly to $15M to $20M revenue in about five years. Our fund makes a few selective investments in early-stage firms working on frontier / advanced technologies i.e. based on substantial scientific or engineering innovation. Our fund strategy is based on strong underlying secular trends that drive changing business models and customer behavior such as the digitalization and API economy are driving automation, autonomy, self-learning, and hyper-personalization. Environment, social, and governance (ESG) considerations focus on renewables, electrification, and climate tech. Global supply chain realignment is emphasizing resilience, agility, and sustainability, while Atmanirbhar Bharat aligns with the Make in India initiative. These transformations are powered by exponential advancements in Artificial intelligence, including applied AI, generative AI, and machine learning; compute and connectivity through cloud, edge, advanced connectivity, and immersive reality; the digital future with Web 3, next-gen software computing, and trust architecture; and cutting-edge engineering in mobility, material science, bioengineering, and space. Our investments are guided by a deep understanding of these trends and technological developments. The fund differentiates itself by providing its portfolio firms with support and expertise to scale and execute faster, working alongside their founders as needed. The management team, its extended and deep network and in-house Subject Matter Experts have the knowledge and network to support portfolio firms. With a culture of rigorous analysis and risk management, we focus on impeccable governance for our investors’ best interests.