Stellaris Venture Partners is an India-only, tech-only, early-stage venture fund that makes contrarian bets with deep conviction, backing unfashionable or founder-led companies like Mamaearth and Whatfix when other VCs pass, while maintaining rigorous portfolio construction that recalculates reserves and check sizes quarterly to preserve capital for future fund-returners. The fund has institutionalized coverage of the Indian early-stage market as a core metric, tracking what percentage of relevant financings they see each quarter and driving that from 55% at inception to over 90%, while delivering rare 1x DPI on their first fund by year 7.