‘India plays by different rules’: VC explains why Indian capital must fund India’s next big ideas

If the Indian capital does not finance the Indian context, India risks importing solutions to the problems it understands better than anyone else. This is the message from Archana Jahgirdar, founder and administrative partner in Rukam Capital, who provides an emotional issue for the reason that local capital should give priority to local innovation on borrowed playing books.
“For a very long time, unlike our ecosystem for innovation, western models – Silicon Valley, YC molds, and TAM global slices.” “But India plays different rules.”
The challenges that India faces is unique and rooted in its geography, adhesions, and economics. Of the 50 stores still operating without ERP systems, to the silent crisis of rural iron deficiency, from EV in the second-level cities to the cash flow conflicts of small and medium-led companies that are led by women-these are the problems born from the context of India, and not the Silicon Valley.
However, Jahgirdar warns, much of the investment thesis in India is still driven by the recognition of patterns from Palu Alto, not the ground facts of Bonnie, Patna or Banpat. “You cannot solve the problems of India in molds elsewhere. You need founders who lived this reality and investors who do not ask,” Where is the playing book? “Because in India, there is no one.”
At the heart of this argument, there is a deeper philosophical transformation from the advocates of Jahgirdar: From the capital that requires the ability to expand at any cost to the capital that estimates the context, time and texture.
Burch supporters support
Jahgirdar highlights the sectors in which the next wave of IP will appear in India-Deep Technology, Health, Agriculture, and Infrastructure. It is worth noting that these sectors do not expand solutions overnight. “Our most valuable trademarks will speak, not only the English language. Our most viral business will not become – they will go to the village to the village.”
From her point of view, this is an invitation to a sick form of capital. One who understands India’s journey from turning to the range does not follow Western tracks. “This will not be built with the capital that needs to be recovered for 12 months,” she says. “It will be built by the capital that understands time, confidence and texture in India.”
Indian LPS and VCS case
Indian limited partners (LPS) supports Indian capitalists (VCS) who support Indian founders – this, as Jahgirdar believes, is the virtuous course that India needs. “It is not only a rupees for dollars. It is about the context against the template.”
When this alignment occurs, the resulting innovations not only expand – they stick. “Because they are born from the visions of the earth, not assumptions from top to bottom.”
Road to Vixet Bahrat
Jahgirdar’s message concludes in an urgent note: if India is really seeking to get VIKSIT BHARAT – advanced India – its capital should go beyond searching for what is subject to development. “We have to finance what is true,” she says. “The truth in India takes time. It takes grays. It takes the capital that not only writes checks, but also requires a context of support.”
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2025-07-20 08:26:00