The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
Better Capital's 2025 Annual Letter provides a detailed review of its Solo GP pre-seed model, currently managing over $100M with a portfolio of 240+ companies. The fund reports on key areas where its early theses have successfully played out, including vertical quick commerce, Indian ConsumerTech, and Outcome-as-a-Service. It also transparently addresses past errors, including underestimating regulatory risks, over-indexing on raw intelligence over founder wisdom, and over-relying on easy market creation. Looking to 2026, the fund is focusing heavily on AI-first architectures, Voice AI, distribution-first teams, and carbon removal, alongside growing community networks and launching structured sustainability and educational initiatives via the Domkundwar Foundation.
Better Capital operates as a high-conviction Solo GP pre-seed fund ($100M+ AUM) that scales judgment rather than time. The fund believes its decades of startup operating experience are most effectively deployed at Day 0, where ambiguity and risk are highest, targetting 8-12% initial ownership in promising Indian and global tech startups.
For 2026, the fund expects a highly dynamic environment driven by AI transformation. The firm is focusing on building businesses with strong fundamental economics that can attract durable, aligned follow-on capital, moving beyond early hype cycle excitement.
As of Dec 26, 2025
Lead Portfolio Manager
High Conviction Bullish
Market Conviction
High-conviction positioning: Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Growth Outlook
Market outlook remains above average conviction: Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Risk Appetite
Risk appetite posture is above average conviction: Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Forward Guidance
Forward guidance signal: Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Language Signal
Tone analysis indicates high conviction language: Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Time Horizon
Investment time horizon reflects a high conviction orientation. Better Capital reviews its 2025 performance as a $100M+ Solo GP pre-seed fund, outlining successful thesis areas in OaaS and Quick Commerce, while refining its risk approach and do...
Top Conviction Themes
Key Catalysts
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