2 years of bringing a ‘Paradigm Shift’ in VC!

Surabhi Washishth
6 min readMay 24, 2023

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Excited to share we’ve hit 2 years of investing! 🎂

A milestone that wouldn’t have been possible without the strong support of our early believers (our LPs), our stellar Founders, advisors, co-investors, and our cheerleaders!

What’s been happening over the last 2 years?

Paradigm Shift Capital is India’s first truly Global VC fund. Our investment thesis of exclusively backing Founders building Products for the World 🌎 is niche and unique! This thesis was carefully crafted because all 3 Partners have extensive experience across the India-US startup ecosystem — we’ve run our own startups and worked directly with Founders at InMobi, Segment, WeWork. We truly understand what building a Global Startup means.

We’ve made 20 investments! 🚀 We’re well on course to hit our plan 🎯 of backing 30 startups by the end of 2023.

We’ve backed a fantastic set of startups ranging from Augmented Reality to Quantum computing to Real time Machine Learning! Our primary thesis is to back exceptional technical teams, building from India for the world! 🇮🇳🚀🌎

All our startups are B2B, which are built to play the longer game, keeping a sustainable growth model in mind and not rely only on capital driven high-burn growth tactics. We broadly focus on B2B SaaS, Artificial Intelligence, Blockchain Infrastructure, Augmented Reality, and Deep Tech (including Clean Tech).

We’ve seen tremendous progress across the portfolio, most of our initial investments have also raised follow-on rounds of financing from top Global VC funds like Draper Associates, Uncorrelated VC, Y-Combinator among others! 💰

What’s most gratifying?

Founders REALLY see how Paradigm Shift Capital is bringing about a TRUE Paradigm Shift! Being Operators and Entrepreneurs, we envisioned being a true value-adding fund that the best kind of Founders want to partner with, and it’s exciting to see this vision come to life! We love partnering with exceptional Founders. Most of our Founders are our biggest advocates, and even those we turn down go on to recommend us to their network — now that’s really saying something.

A quick brief about us!

We’re one hell of a team — Being the Youngest Woman GP in India, I (Surabhi) was recognised as one of India’s Top 100 emerging women leaders. Govind is the only GP in the country to have built 2 profitable unicorns, and Dhruv has been a 2X entrepreneur and awarded the ‘Alien of Extraordinary Ability’ Green Card.

We truly understand the 0 to 1 and 1 to 100 phase of startup building, and work hand in hand with our Founders to create Global startups from India!

Between the 3 partners in the Fund, we’ve built and successfully run 3 Unicorns. We’re a team of Founders and Operators who have extensive experience scaling high growth unicorns grounds-up across the Globe. We’ve run startups from Day 0, raised Millions of $$$ in VC Money, seen Billion $$$ exits, hired entire Leadership and Core teams, ran accelerators and built a truly Global Network. A unique feat in the Indian VC ecosystem.

Why do we do what we do?

We’ve been there in the trenches like our Founders, which is why we’re here — and it reflects in our conversations with them. Every single time we chat with a Founder about Paradigm Shift Capital, we hear how they’ve never encountered a team like ours in VC doing SUBSTANTIALLY different work.

Most of the teams we’ve backed have multiple VCs on their cap table, but our portfolio Founders have told us time and again that we’re one of the most value-adding funds they’ve worked with.

We’re proud to be partnering with our Founders who are hustling hard every single day and building world class global tech products, powered by an army of hundreds of employees currently who are turning these founders’ vision into reality!

Our portfolio has GROWN! Here’s a snapshot:

Some of the most exceptional people from the global tech ecosystem invest with us as our LPs!

We have a fantastic set of LPs (Investors) from across the US, Singapore, Dubai and India — Founders of Polygon (a multi-billion Dollar Blockchain project from India), C-level execs of various tech companies, Managing Partners at large VC funds, partners across Law Firms & Big 4 in the US and Family Offices of IT, Pharma, Real Estate, and Education businesses.

Creating a ‘Paradigm Shift’ around the World 🇮🇳🇺🇸🌎

I’ve been recognised as one of India’s Top 100 emerging women leaders by YourStory. It’s been great to shatter stereotypes and records to make a difference!

Check out the YourStory piece and video interview here.

I also published a piece on our journey so far as India’s youngest woman General Partner. This post received great appreciation from the startup ecosystem!

Govind, one of the top Finance and Business strategy minds in India, works with and helps our founders on a weekly basis. He was invited to speak at 2 large SaaS focused events about how the SaaS ecosystem is evolving and how world class startups are building from India for the world.

Dhruv has lived and worked across 3 continents and has been a 2X Entrepreneur, he spoke at LSE’s Global alumni event in Dubai and was invited by NYU to give a talk on how we’re building India’s first Global VC Fund.

Paradigm Shift Capital was on National Television! We were interviewed by ETNow for a National TV interview on India’s Republic Day — here’s a post and a link to the interview (Don’t miss out on the interview given in Hindi!)

Surabhi at a women Founders-only event, along with Akriti Chopra (Cofounder, Zomato), Vani Kola (Founder, Kalaari), Shradha Sharma (Founder, YourStory); Surabhi & Kirthiga Reddy’s (former Head of Facebook India & South Asia, also Softbank’s first woman investing partner) session in San Francisco, where they discussed fundraising during this market and lessons on building strong teams.

Tim Draper (Founder, Draper Associates, early investor in Tesla, SpaceX, Robinhood, Baidu) visited Bangalore in January, we’ve known him for over 7 years now and have now co-invested in 2 companies with Draper Associates — Landeed and Rise. We were celebrating these co-investments and also sharing updates with him — he’s been a pioneer of global venture capital and was glad to hear all our progress while building out India’s FIrst Truly Global VC Fund! 🇮🇳🚀🌎

We’re 2 years into building Paradigm Shift Capital and have had amazing experiences which have significantly grown our expertise and network.

We’re here to do our life’s work, and are excited to share our vision of building India’s first truly global VC fund with you! 🚀🙏🌎

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Surabhi Washishth

General Partner @ParadigmShiftCapital • ex-HR Director @WeWorkIndia • Global Shaper @WorldEconomicForum