The PMF Playbook: How Great Investors Actually Think | सीVCism EP 6

The PMF Playbook: How Great Investors Actually Think | सीVCism EP 6

Is venture investing actually a system; or just intuition dressed up as experience? Because if you strip away narratives, access, and hindsight bias, most conversations around investing still fall back on instinct. Timing, conviction, “seeing something others don’t.” But that raises a deeper question- if outcomes can be explained, can they also be repeated? This episode exists to interrogate that. Through Raghav Bahl’s journey—across Bessemer, Alibaba, and now Promaft—we wanted to move away from outcomes and get closer to decision-making itself. Not what worked, but how those calls were made, and whether there is a structure behind them. At SIG Tattva, this is a question we constantly sit with. Because operating as a CVC forces you into a tension: you don’t just allocate capital—you justify it, align it, and deploy it inside a live business environment. That makes instinct insufficient. It demands process, clarity, and repeatability. Which is why this conversation leans into uncomfortable territory. If investing is truly cyclical, then conviction should change with cycles; not narratives. If Product-Market Fit is the most important inflection point in a company’s journey, then it cannot remain a loosely defined idea, it needs to be measurable, comparable, and testable. And if frameworks exist, then the real edge isn’t access to deals, it’s discipline in applying those frameworks consistently. But that’s where the friction lies. Because frameworks create clarity, but they also remove excuses. They force trade-offs. They force you to say no. And in a market driven by activity, saying no is often the hardest thing to do. So this episode stays inside that contradiction- Between instinct and structure. Between cycles and conviction. Between opportunity and discipline. If you’re building or investing, don’t just ask: “Is this a good company?” Ask: “Would I still invest in this if I had to follow the same process every single time?” Because if that answer changes, then maybe the decision isn’t a system; it’s a moment. Chapters - 02:36 – Promaft & Global Learnings 05:06 – Venture Cycles 08:48 – Method Over Gut: Framework Thinking 16:17 – Discipline & Sitting Out 17:52 – Investor vs Operator Mindset 20:22 – India vs China Learnings 26:11 – Product Market Fir: The CURW Framework 32:15 – Value vs Valuation 34:16 – Tier 2/Tier 3 Reality 37:22 – The LP Flywheel 40:49 – Promaft Partners 46:54 – Founder Advice 50:26 – The CVC Perspective Hosted by Team Tattva — because at Tattva, the pilot is the product. Subscribe to सीVCism for conversations at the intersection of startups, industry, and execution. Follow SIG Tattva LinkedIn: https://www.linkedin.com/company/sig-tattva/ [https://www.linkedin.com/company/sig-tattva/] Instagram: https://www.instagram.com/sig_tattva/ [https://www.instagram.com/sig_tattva/] #CVCism #VentureCapital #ProductMarketFit #Startups #Investing #SIGTattva #CorporateVentureCapital #IndiaStartupEcosystem

Unlocking Mad Over Buildings: Tattva's 1st Bet | सीVCism EP 5

Let’s not overcomplicate this—this episode is really about one question: Are B2B commerce platforms structurally profitable—or just operationally efficient illusions? MOB enters a category already shaped by Infra.Market [http://Infra.Market], OfBusiness, and Moglix—platforms that have proven scale, but still leave one core question unresolved: where does durable margin actually live? But this episode isn’t just about the market. It marks a milestone for CVCism—our first deep dive into a portfolio company we backed at inception. Through Mad Over Buildings, we wanted to open up how Corporate Venture Capital actually works in practice—what it means to build alongside a company, not just invest into it. This is as much about the founder journey as it is about working with SIG Tattva— the expectations, the systems, the friction, and the value created through real collaboration. And that’s where MOB becomes interesting. Because it’s not just another B2B commerce play—it’s attempting to change the starting point itself: - A no-bleed model with day-zero positive unit economics - Built through brand partnerships, not inventory-heavy aggregation - An anti dark-store approach, where distributors are supplemented—not bypassed Alongside this, the episode also explores how India’s construction ecosystem is being rethought—through reliability, credit access, and operational design—and the role of players like Hindware and SIG Tattva as active participants, not passive capital. But these claims come with real tension. Because if you don’t fully control inventory, logistics, or demand— where does pricing power come from? And if you eventually do— how different are you from the incumbents you set out to disrupt? This conversation deliberately stays inside that contradiction. Because at scale, this isn’t about GMV or growth. It’s about structural control: - Who influences pricing vs who absorbs volatility - Who owns the customer vs who services them - And ultimately—who retains the margin when the system stabilizes If you’re building or investing in this space, don’t just ask: “Is this more efficient?” Ask: “What has fundamentally changed—and is it defensible?” Because if that answer isn’t clear, this isn’t a new model - It’s a temporary advantage. ------------- Chapters - 02:28 – The Making of a Founder 06:47 – Backpacker Panda to Ground Zero 09:35 – The 65% Problem in Indian Construction 13:30 – MOB Explained: A Marketplace Powered by Credit 16:23 – Udhaari Economics: The Credit Engine Behind Indian Construction 22:58 – Founder–CVC Fit: What Made Us Bet on MOB 30:04 – The Anti–Dark Store Revolution 37:46 – Three Layers of Risk: Cracking the Last‑Mile Credit Chain 41:04 – Why Contractors, Not Homeowners, Control the Market 45:58 – Distribution Isn’t Dying — It’s Evolving 53:17 – India’s Infra Future & MOB’s IPO Path 59:38 – Rapid Fire --------- Hosted by Team Tattva — because at Tattva, the pilot is the product. Subscribe to सीVCism for conversations at the intersection of startups, industry, and execution. Follow SIG Tattva LinkedIn: https://www.linkedin.com/company/sig-tattva/ [https://www.linkedin.com/company/sig-tattva/] Instagram: https://www.instagram.com/sig_tattva/ [https://www.instagram.com/sig_tattva/]

Gita of CVCs: The Playbook | सीVCism EP 4

For our fourth episode, we take a deep dive into the mechanics of building a Corporate Venture Capital arm from the ground up. Joining the conversation are Sriharsha Bandaluppi and Shashvat Somany, as they unpack the thinking, structure, and realities behind setting up and running a CVC. Together, they explore: * Intent before investment — why clarity of purpose shapes every decision * Talent as the differentiator — the need for dual fluency across startups and corporates * The CVC structure — from deal flow and POCs to IC and board approvals * POCs as the real filter — where most opportunities are truly tested * BU alignment — navigating internal buy-in and the triad of returns * Governance in motion — the role of ICs and boards in decision-making * Evangelism and scale — turning pilots into organisation-wide momentum A grounded look at CVCs — focused less on theory, and more on the systems, decisions, and execution that make them work. Hosted by Team Tattva — because at Tattva, the pilot is the product. 🎧 Listen & Watch सीVCism * To see more of Tattva [https://www.youtube.com/@SIGTattva] * Subscribe to सीVCism [https://open.spotify.com/show/5lwiJmSmKe9LLOsFoPkNnf?si=867cf977cb36427a] 🔗 Follow SIG Tattva * LinkedIn [https://www.linkedin.com/company/sig-tattva/] * Instagram [https://www.instagram.com/sig_tattva/] Disclaimer: The views and opinions expressed in this episode are those of the speakers and do not necessarily reflect the official policy or position of Somany Impresa Group, SIG Tattva, or any affiliated entities. This content is intended for informational purposes only and should not be construed as investment, legal, or financial advice.

VCs Across The Globe with Nikhil Choudhary | सीVCism EP 3

For our third episode, we are joined by Nikhil Choudhary, Founder & Partner at Nirman Ventures, a firm known for its operator-first lens and disciplined approach to investing. Joining him in conversation is Sriharsha Bandaluppi, Head of SIG Tattva. Together, they explore: * The Operator’s Edge — why operating experience shapes sharper investing * Venture capital across geographies — how India, US, and Europe truly differ * AI hype vs real conviction — separating signal from noise * Defensibility debate — agentic systems vs robotics-led approaches * India’s cap table problem and its long-term implications * Nirman’s investment thesis and approach to governance A grounded conversation on venture capital — focused less on momentum, and more on judgment, discipline, and building what lasts. Hosted by Team Tattva — because at Tattva, the pilot is the product. 🎧 Listen & Watch सीVCism * To see more of Tattva [https://www.youtube.com/@SIGTattva] * Subscribe to सीVCism [https://open.spotify.com/show/5lwiJmSmKe9LLOsFoPkNnf?si=867cf977cb36427a] 🔗 Follow SIG Tattva * LinkedIn [https://www.linkedin.com/company/sig-tattva/] * Instagram [https://www.instagram.com/sig_tattva/] Disclaimer: The views and opinions expressed in this episode are those of the speakers and do not necessarily reflect the official policy or position of Somany Impresa Group, SIG Tattva, or any affiliated entities. This content is intended for informational purposes only and should not be construed as investment, legal, or financial advice.

Inside IvyCap Ventures: Building India's Leading Homegrown VC Playbook | सीVCism ep 2.

In this episode, Inside IvyCap Ventures, we are joined by Dr. Anju Gupta, Partner at IvyCap Ventures, India’s leading homegrown venture capital firm. Joining her in conversation are Shashvat Somany, Founder of SIG Tattva and Head of Strategy at Somany Impresa Group, and Sriharsha Bandaluppi, Head of SIG Tattva. Together, they explore: · What it takes to build a long-term, homegrown venture capital institution · Why value creation matters more than valuation — and why IvyCap focuses on building “Dragons,” not just Unicorns · How mentorship, governance, and execution shape successful founders · The role of academia, industry, capital, and endowments in building India’s innovation ecosystem · Where India’s next wave of growth will come from — across consumer, deep tech, and India-to-the-world innovation A thoughtful conversation on venture capital beyond funding — focused on institutions, ecosystems, and outcomes that last. Hosted by Team Tattva — because at Tattva, the pilot is the product. 🎧 Listen & Watch सीVCism * To see more of Tattva [https://www.youtube.com/@SIGTattva] * Subscribe to सीVCism [https://open.spotify.com/show/5lwiJmSmKe9LLOsFoPkNnf?si=867cf977cb36427a] 🔗 Follow SIG Tattva * LinkedIn [https://www.linkedin.com/company/sig-tattva/] * Instagram [https://www.instagram.com/sig_tattva/] Disclaimer: The views and opinions expressed in this episode are those of the speakers and do not necessarily reflect the official policy or position of Somany Impresa Group, SIG Tattva, or any affiliated entities. This content is intended for informational purposes only and should not be construed as investment, legal, or financial advice.