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Hard Truths By Vertex

Hard Truths By Vertex

By: Vertex Ventures SEA and India
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Vertex Ventures Southeast Asia & India is a pioneer in investing in tech start-ups in this region and has helped to build a number of unicorns. In this podcast, we want to share and uncover Hard Truths - raw, unfiltered insights and venture capital experience across Southeast Asia & India. Tune in to hear from leading founders, innovators, venture capitalists and industry experts in the region and to gain industry insights from those in the know. If you like what you hear, please click follow or subscribe and share it with entrepreneurs or investors in your circle so we can all grow, succeed and build the future of SEA and India together.© 2025 Vertex Ventures SEA and India Economics Leadership Management & Leadership
Episodes
  • Why India’s Home Appliance Market Will Look Very Different in 5 Years
    Feb 6 2026

    Why would someone quit chasing “big startup ideas” to redesign something as ordinary as a ceiling fan?


    In this episode, I sit down with Gazal, co-founder of Nuuk, to trace her journey from a personal problem at home to building a design-led consumer electronics startup in India.


    We talk about how COVID changed the way Indians live indoors, why Indian consumers are shifting from cheap to meaningful products, and how Nuuk builds home appliances designed specifically for Indian homes.

    Gazal shares the thinking behind product-first brands, women-led design, and what it really takes to scale a modern Indian consumer brand without cutting corners.


    If you care about startup journeys, consumer brands in India, or product design that actually solves real problems, this episode will pull you in.


    If you want it more playful, more founder-centric, or even punchier for YouTube, say the word and I’ll tune it!


    IN THIS EPISODE
    (00:00) Why Nuuk Isn’t “Just Another Appliance Brand”
    (01:28) The Personal Problem That Started Nuuk
    (04:40) How Indian Consumers Are Changing (And Why It Matters to You)
    (06:21) Who’s Actually Buying Nuuk — The Answer Will Surprise You
    (12:11) How Nuuk Turns Daily Frustrations into Product Ideas
    (16:09) Designing Appliances That Actually Work in Indian Homes
    (23:28) The Hidden Health Risk Lurking in Indian Mattresses
    (29:28) Why Building in India Is Harder Than It Looks
    (30:46) What “Safe Kitchens” Really Mean (And Why You Should Care)
    (34:49) How Nuuk Builds Trust After the Sale
    (41:54) Nuuk’s 10-Year Vision — And What’s Coming Next


    Gazal Kalra | Co-Founder | Nuuk
    Gazal Kalra is the Co-Founder of Nuuk, a new-age D2C brand for home appliances, shaping the Indian home with purposeful innovation and design-first thinking. At Nuuk, she brings a product-led approach rooted in human-centered design and operational excellence with a vision to create high-performance appliances that reflect modern lifestyles. Gazal is deeply committed to building consumer brands that solve real-world problems alongside raising the bar for thoughtful design, long-term utility, and a future-ready approach to sustainability.

    Before Nuuk, Gazal co-founded Rivigo, the logistics-tech unicorn that disrupted India’s long-haul trucking sector by introducing relay trucking and tech-enabled efficiency at scale - cementing her reputation as a bold problem-solver with an eye for scalable impact. Her career also spans influential roles at McKinsey & Company and the World Bank in Washington DC, giving her a unique cross-sectoral perspective on systems, policy, and innovation.

    Rahul Thayyalamkandy
    Director of Comms & Community, Vertex Ventures SEA & India

    Rahul Thayyalamkandy joined the SEA/India team as the Director of Communication & Community in 2024 and is based in Singapore.

    Before joining Vertex, Rahul served as a Product Manager at BLOCK71, an incubator and joint venture of NUS Enterprise and Singtel Innov8, where he developed scalable services for portfolio startups and designed mentorship programs. He also gained experience as a Summer Associate at Cocoon Capital, working with the Managing Partner on investment deals.
    https://www.linkedin.com/in/rahulthayyalamkandy/

    —-

    Vertex Ventures Southeast Asia & India is a pioneer in investing in tech start-ups in this region and has helped to build a number of unicorns. In this podcast, we seek to share and uncover the Hard Truth - raw, unfiltered insights and venture capital knowledge from across Southeast Asia and India. Tune in to learn from leading founders, innovators, venture capitalists, and industry experts in the region and gain industry insights from those in the know.


    If you like what you hear, please follow or subscribe to the show so you don’t miss out on any of our upcoming discussions.


    Follow us to get notified whenever new episodes are shared.



    For more information, please visit: https://www.vertexventures.sg

    Show More Show Less
    47 mins
  • How Solar + Credit Is Changing Rural India Forever | Metafin CEO Sandeep Chopra
    Dec 9 2025

    What if the biggest energy revolution in India isn’t happening in cities… but inside tiny flour mills in forgotten villages?


    In this conversation, I sit down with Sandeep Chopra, co-founder & CEO of Metafin, to unpack how solar financing for rural MSMEs is reshaping livelihoods, powering micro-enterprises, and quietly shifting India’s clean-energy future. We dive into why solar energy in India is exploding across the Global South, how decentralised power beats unreliable grids, and what it takes to underwrite credit for first-time borrowers in remote villages.


    From surviving COVID to unlocking financial inclusion, this episode will change the way you think about rural India, clean energy, and solar financing for MSMEs. Don’t miss the story behind one of India’s fastest-scaling impact-driven energy models!



    IN THIS EPISODE
    (00:00) Why the next big energy boom won’t start in cities
    (04:41) The moment a finance guy quit London to chase purpose
    (09:31) How one unexpected detour unlocked a billion-dollar rural opportunity
    (15:04) The strange secret behind predicting who will actually repay
    (18:59) The grid problem no one talks about… and the hack rural India figured out
    (20:17) How one village becomes a “network effect” goldmine
    (21:00) What the government quietly gets right (and wrong) about solar adoption
    (23:25) The hidden barriers that stop rural India from scaling - and how to break them
    (28:03) The one product rural MSMEs desperately need but don’t get
    (29:34) A myth about rural India that shocked me completely
    (32:11) The future of selling power like UPI payments - hype or real?
    (34:15) The uncomfortable truth about grid stability nobody wants to admit
    (38:08) The impact numbers that even shocked us
    (40:22) A single upgrade that transformed one family’s entire future



    Sandeep Chopra | CEO | Metafin
    A senior executive with extensive experience in renewable industry (solar), growing start-up organizations, making them sustainable and delivering change.

    Specialties: Strategy, Renewables, Finance, Delivering Change to make organizations sustainable, managing large operations, Negotiation Skills, Strategy

    Rahul Thayyalamkandy
    Director of Comms & Community, Vertex Ventures SEA & India


    Rahul Thayyalamkandy joined the SEA/India team as the Director of Communication & Community in 2024 and is based in Singapore.

    Before joining Vertex, Rahul served as a Product Manager at BLOCK71, an incubator and joint venture of NUS Enterprise and Singtel Innov8, where he developed scalable services for portfolio startups and designed mentorship programs. He also gained experience as a Summer Associate at Cocoon Capital, working with the Managing Partner on investment deals.
    https://www.linkedin.com/in/rahulthayyalamkandy/

    —-

    Vertex Ventures Southeast Asia & India is a pioneer in investing in tech start-ups in this region and has helped to build a number of unicorns. In this podcast, we seek to share and uncover the Hard Truth - raw, unfiltered insights and venture capital knowledge from across Southeast Asia and India. Tune in to learn from leading founders, innovators, venture capitalists, and industry experts in the region and gain industry insights from those in the know.


    If you like what you hear, please follow or subscribe to the show so you don’t miss out on any of our upcoming discussions.


    Follow us to get notified whenever new episodes are shared.



    For more information, please visit: https://www.vertexventures.sg

    Show More Show Less
    43 mins
  • Why Consumer Is India VC’s Forever Bet | Ben Mathias, Managing Partner at VVSEAI
    Sep 18 2025

    What’s it like to bet big on beauty brands, snacks, and even quick commerce in India?


    In this episode, I sit down with Ben Mathias, Managing Partner at Vertex Ventures Southeast Asia & India, to unpack his journey of spotting consumer opportunities where others only saw risk. Ben shares how he went from backing early players like FirstCry to today’s digital-first names such as Pilgrim, Kapiva and Licious. We talk about why mass premium products matter, how India’s quick commerce boom is reshaping shopping, and what makes a startup truly venture-backable.


    If you’re curious about venture capital in India, consumer brands growth, or how VCs really make money, this conversation is packed with insights straight from someone who’s been in the trenches.


    IN THIS EPISODE
    (00:00) Why VCs secretly love your shopping habits
    (02:56) The sneaky rise of brands your parents never knew
    (05:01) 10-minute deliveries: magic or madness?
    (05:41) Is instant everything only for city slickers?
    (07:37) Could kirana shops beat Amazon at its own game?

    (11:11) From diapers to D2C: the wild evolution of buying
    (13:24) How to build a million-dollar brand on a shoestring

    (15:49) Premium dreams, middle-class wallets: where’s the sweet spot?
    (19:58) What makes investors say take my money?

    (23:45) Food, fitness, furniture: the next gold rush
    (25:49) Startup lessons money can’t buy
    (29:12) Will Indians really pay for podcasts and stories?
    (32:30) The temptation (and trap) of going global too soon
    (34:19) Why Gen Z is spending on experiences, not stuff
    (36:20) The big question: can consumer startups actually make money?


    Ben Mathias
    Ben Mathias is a Managing Partner at Vertex Ventures Southeast Asia & India and has overall responsibility for the firm’s investments in India and Japan. Since joining Vertex in 2015, he has made several investments in the areas of Consumer Internet, Fintech, Enterprise Technology, Semiconductor & Digital Health. Ben has sat on multiple boards including Licious, FirstCry, XPressBees, Kapiva, IVF Access, Attentive AI, BigEndian Semiconductor, CloudCherry and Synup.

    Ben received his Master of Science in Engineering Sciences from Dartmouth College and his Bachelor of Technology from the Indian Institute of Technology, Madras.

    Hear him share his career and more on this podcast.


    Rahul Thayyalamkandy
    Director of Comms & Community, Vertex Ventures SEA & India

    Rahul Thayyalamkandy joined the SEA/India team as the Director of Communication & Community in 2024 and is based in Singapore.

    Before joining Vertex, Rahul served as a Product Manager at BLOCK71, an incubator and joint venture of NUS Enterprise and Singtel Innov8, where he developed scalable services for portfolio startups and designed mentorship programs. He also gained experience as a Summer Associate at Cocoon Capital, working with the Managing Partner on investment deals.
    https://www.linkedin.com/in/rahulthayyalamkandy/

    —-

    Vertex Ventures Southeast Asia & India is a pioneer in investing in tech start-ups in this region and has helped to build a number of unicorns. In this podcast, we seek to share and uncover the Hard Truth - raw, unfiltered insights and venture capital knowledge from across Southeast Asia and India. Tune in to learn from leading founders, innovators, venture capitalists, and industry experts in the region and gain industry insights from those in the know.


    If you like what you hear, please follow or subscribe to the show so you don’t miss out on any of our upcoming discussions.


    Follow us to get notified whenever new episodes are shared.



    For more information, please visit: https://www.vertexventures.sg

    Show More Show Less
    38 mins
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