01 · Observe
Market Notes
Short-form observations on market structure, flows, and sentiment.
Hornbill Journal
Perspectives and insights.
The Hornbill Journal is where we publish our thinking: on markets, on businesses, and on the craft of investing.
Ideas sharpened by one market, studied from both sides.
01 / Categories
Browse by topic
02 · Examine
Company Perspectives
Deeper write-ups on specific companies, sectors, or investment themes.
03 · Report
Firm Updates
Quarterly letters, portfolio updates, and firm-level communication.
04 · Reflect
Essays
Long-form thinking on investing, decision-making, and institutional behaviour.
02 / Latest thinking
Notes from the forest.
Field notes on the businesses, systems, and decisions shaping India’s digital economy.
01
The SaaS Revolution: India's Product Playbook
How Indian founders are rewriting the global SaaS playbook from Chennai to San Francisco.
02
Fintech 2.0: Beyond Digital Payments
The next wave of innovation in credit and insurance as UPI matures.
03
Bridging Private and Public Markets
Our philosophy on navigating the crossover stage in high-growth companies.
04
India's Digital Infrastructure Moment
Why UPI, Aadhaar, and ONDC are creating a new foundation for commerce.
05
Q2 2023 Portfolio Update
A summary of portfolio positioning and market observations from the quarter.
06
The Art of Patience in Growth Markets
Why long holding periods aren't just a strategy. They're a competitive advantage.
03 / Contact us
If the way we invest resonates, let's talk.
We welcome conversations with institutional investors, family offices, and founders building in the internet and technology space.