Analysis · Financial Services

RAIN chair shifts focus to profitability and Bharat startups

By Startup Enthusiast · 12 February 2026

What they do

RAIN is an angel investor network based in Rajasthan led by Mahavir Pratap Sharma

Sharma highlights over 40 active investments across fintech and sustainability sectors in Tier 2 and 3 cities

The network prioritizes bottom-line profitability and plans to explore deep tech and open-source AI opportunities

Mahavir Pratap Sharma serves as the Co-Founder and Chair of RAIN (Rajasthan Angels).
He also holds the position of Founding Chair at TiE India Angels.
RAIN currently maintains a portfolio of over 40 active investments in various startups.
The investment philosophy has shifted from growth-at-all-costs to bottom-line profitability.
There is a strong geographic focus on Tier 2 and Tier 3 cities known as 'Bharat'.
These regions are noted to contribute 40-45% of new Indian startups emerging in the country.
Future sector outlook includes Deep Tech and open-source AI integration in healthcare and agri-tech.
This perspective was shared in an interview with Indian Startup Times published on 12 Feb 2026.

The shift signals a broader industry move towards disciplined scaling and sustainable business models.
Focus on Tier 2 and 3 cities targets high-growth potential outside major metropolitan hubs.
Emphasis on profitability suggests investors are becoming more cautious about unchecked expansion.

RAIN invests in diverse sectors including fintech, consumer brands, and sustainability.
Specific portfolio companies include Regrip for tire recycling and organic waste ventures.
Other investments span GetEpay, CoHoMa Coffee, and QRL Biosciences.
The network also backs niche innovators like O‘Hi and Study Caller.
Investments target startups demonstrating clear paths to financial viability and operational efficiency.

RAIN plans to explore opportunities in Deep Tech and open-source AI.
The network intends to integrate AI into healthcare, agri-tech, and consumer analytics.
Continued focus on sustainability and profitable business models remains a priority.