Analysis · Enterprise Software & IT

Mela Ventures managing partner shares investment philosophy

What they do

Mela Ventures backs startups in enterprise tech, deep tech, AI and climate tech

Managing partner Parthasarathy N.S. discussed the firm's evaluation framework in an interview

He believes India is in its third wave of engineering innovation, with science-led innovation emerging

Mela Ventures managing partner Parthasarathy N.S. gave an interview published on 2026-06-06.
He described the firm's consistent evaluation framework for startups.
Mela Ventures assesses problem urgency, customer need, market size, and founder quality.
The firm is not constrained by geography and backs startups targeting global opportunities.
Partha entered venture capital in 2020 and co-founded Mindtree earlier.

Partha described India's startup ecosystem in four waves: business model, software product, engineering, and science-based innovation.
He believes India is in the third wave (engineering/deep tech) with the fourth wave (science-led) emerging.

Mela Ventures invests in enterprise technology, deep tech, AI, climate tech, and emerging innovation.
The firm follows a consistent evaluation framework across all sectors.
It is open to startups targeting global opportunities, not limited by geography.