Ambition Capital is a Bengaluru-based venture fund started by three Peak XV alumni that focuses on critical technologies at the pre-seed and seed stage, writing large $1M–$5M checks into companies working on things like hypersonics, orbital space defense, data-center cooling, and desalination. The fund is built around the idea of digital sovereignty, backing India-built technology designed for local needs that can later scale globally, and plans to raise $250M for a concentrated set of about 26–30 investments.