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February 17, 2025

#39 Why we invested in NRT

India's defense modernization budgets have seen a substantial increase over the last four years, rising from ~0.9 lakh Cr a year in 2020 to an outlay of over ₹1.7 lakh Cr a year in 2024 on average representing a ~₹12.0 lakh crore ($145 billion) opportunity over the next seven years, to fortify deep tech technologies for defense purposes, aligning with the pursuit of 'Atmanirbharta' (self-sufficiency) within India's defense forces.
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#35 Why we invested in Blubirch

Retail & eCommerce are in hyper-growth in India – the fastest growing consumption economy in the world:The Indian retail sector is expected to reach $2Tn by 2032 from $836Bn in 2022. As per the India Retail and E-commerce Trends Report 2022, While the contribution of organized retail in India is comparatively lower (~18.5%) , the Indian e-commerce industry is growing at a CAGR of 23% and is expected to touch $350 Bn by 2030 making India the 3rd largest online retail market (trailing only the United States and China) with over 6 Mn MSME merchants.
CORNERSTONE VENTURES
CORNERSTONE VENTURES
December 26, 2023
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#34 Why we invested in Olive Gaea

With global warming coming to the forefront for world economies together, the onus to curtailing the carbon emissions lies with the largest contributors – the enterprises. Industry policies and regulations are tightening, to face the challenges of carbon emissions and greenhouse gases emitted by these enterprises.
CORNERSTONE VENTURES
CORNERSTONE VENTURES
November 29, 2023
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#33 Why we invested in Mystifly

In the airline industry, where countless distributors compete for passenger bookings, a robust and efficient distribution system is essential. The Global Distribution Systems (GDS) that underpin airline distribution, face their own set of infrastructure challenges and costly distribution fees in the complex web of airline ticketing.
CORNERSTONE VENTURES
CORNERSTONE VENTURES
October 31, 2023
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#32 Why we invested in ASL (UniAcco)

The dream of pursuing higher education aboard comes with its own share of challenges for any student. Every year, over 20-25 mn students traverse the daunting journey of studying abroad - right from university and the course selection, to application, arranging finances, complex visa applications, and finding an accommodation for more than year.
CORNERSTONE VENTURES
CORNERSTONE VENTURES
September 11, 2023
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