Manu Rikhye brings an operator-first perspective to early-stage B2B and deeptech investing at Merak Ventures, built from scaling Encore Capital's India arm from a basement operation to a 2,000-person business contributing nearly $100M in EBITDA. He has been an unusually early institutional backer of Indian spacetech and deeptech companies like Pixxel and Bellatrix, and applies a distressed-assets and risk-underwriting background from his credit and collections experience to venture investing, emphasizing rigorous upfront analysis and data-driven decision-making.
About their Fund
Sectors
AI, Climate, SaaS, Deeptech / Hardware, Fintech
Rounds
Pre-Seed - Seed
Avg Check Size
$0.5M - $1.5M
Notable Investments
Merak Ventures is a $100M seed fund founded by growX Ventures' former leadership team, repositioned with a sharp focus on planet-positive and climate resilience investments rather than generic B2B software, making it one of the few Indian seed funds purpose-built at the intersection of climate and livelihoods. The fund operates from Delhi with an integrated thesis that backs both climate-tech and India digitization startups in unsexy, under-digitized B2B and infrastructure categories, viewing climate-tech as a horizontal layer impacting multiple real-economy sectors rather than just energy or carbon accounting.
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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