Deep-Tech Venture Investing
We back IP-led founders early — across AI, biotech, space and the hard sciences. Because we invest our own capital, we move at the speed of conviction rather than a fund clock, and we hold for the long term.
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Bangalore, India
Patient capital for deep technology, invested for the long term.

Based in
Bangalore, India
The Family
Growthology is the Shah family office, based in Bangalore. We invest our own capital in founders building hard, defensible technology in India.
After running a wealth-management fund through the pandemic, Hardik began backing early-stage deep-tech startups alongside a network of HNI partners, convinced that the category in India is only just beginning. Dhara keeps the structure, reporting and stewardship rigorous.
What We Do
We back IP-led founders early — across AI, biotech, space and the hard sciences. Because we invest our own capital, we move at the speed of conviction rather than a fund clock, and we hold for the long term.
Disciplined family-office finance — reporting, controls and clean multi-entity structures — so capital is preserved and compounded over the long term.
Where we invest
Conversational AI · India
The team behind BharatGPT — India's home-grown, sovereign conversational-AI stack, already serving public infrastructure at national scale. We backed a category-defining platform with deep regulatory trust and a moat that compounds with every deployment.
Biotech · Deep Tech
Engineering living human tissue — work with genuine IP defensibility and a long, patient road to market. Exactly the kind of hard science we are built to hold through, where conviction and staying power matter more than speed.
Space & Connectivity
Millimetre-wave technology to bring high-capacity connectivity to under-served regions. Frontier infrastructure with a clear national need — the profile of bet we want to make early and support across years, not quarters.
EdTech · Higher Education
One of India's larger online higher-education platforms, partnering with global universities to bring degree and executive programmes to working professionals. A profitable business at real scale — evidence that disciplined growth compounds into durable value.
Climate · Built Environment
Deep technology for net-zero buildings and infrastructure, taking on the decarbonisation of the built environment — one of climate's largest and hardest problems. IP-led, with a regulatory tailwind and the long horizon such infrastructure rewards.
AI · Water Infrastructure
AI and sensing for water and sewage networks, bringing intelligence to essential infrastructure India is only beginning to modernise. Practical deep tech aimed at a real national need — exactly where we want to be early.
We back deep-tech founders early and hold for the long term. Send a note, or share your deck and a short memo.