V laxmikanth, managing partner, Pavestone VC
While a large part of capital flows to Angels’s investments and in the seed stage, only a few players focus on the business space. This gap in the market led to the formation of Pavestone VC, says managing partner V Laxmikanth. Co -founded in 2021 by Srikanth Tanikella, Sridhar Rampalli and Laxmikanth, the fund has invested in six new companies, including Bellatrix Aerospace, Bizom, Cynlr, E42, Livsense and Newspace.
What is your investment thesis?
We focus on addressing the blank space in the support of the mature and experienced founders who build in India for the world specifically in the business technology and business technology (B2B).
We have raised ₹ 816 million rupees, or that 40 percent have been deployed in six investments. Our Fund follows a double practice strategy, with 80 percent assigned to early growth companies, Cagnostic companies of the sector or new B2B Tech companies, and the rest is reserved for high-condemn lunar shots in areas, spatial technology and Dep-TECH technology.
What is its average verification size?
In general, we invest $ 5-10 million in new companies, and prefer to be the main investor.
How is Luna’s investments evaluated?
Lunar shots are large and bold bets, where the conviction precedes the test. We observe the futuristic-robotic sectors, green technology, space technology, where the trajectory is not yet completely visible, but we believe that the potential is transformative.
What kind of founding qualities are you looking for before investing?
We try to understand if the founder is in the long term or only points to a quick sprint of 100 m. Second, we evaluate your ability to handle pressure. The third crucial factor is the force of the team. It is assumed that if you are doing 10 work units today, adding 10 more people means that it will do 20 tomorrow, but in the business space, it does not work that way. A founder cannot just clone them. Therefore, we look for a strong equipment that can execute independently and scaling sustainable.
Do you prefer to take a seat on the table?
Yes, we prefer the preparation of a board seat, or ate a board observer seat. We believe that new companies not only need financial support but also guidance in governance and expansion, because extension is not merely arithmetic. That’s where our experience enters, and we like to participate in the definition of the company’s strategy.
What are the trends in the industry that is currently seeing, given the geopolitical tensions and rates?
The current geopolitical tensions and rates are pushing countries towards self -sufficiency, promoting sectors such as defense, telecommunications, financial spaces and services. Health-Tech and Agri-Tech are also promises, and Fintech is still attractive.
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Posted on April 13, 2025
