For our third episode, we are joined by Nikhil Choudhary, Founder & Partner at Nirman Ventures, a firm known for its operator-first lens and disciplined approach to investing.

Joining him in conversation is Sriharsha Bandaluppi, Head of SIG Tattva. Together, they explore:

• The Operator’s Edge — why operating experience shapes sharper investing
• Venture capital across geographies — how India, US, and Europe truly differ
• AI hype vs real conviction — separating signal from noise
• Defensibility debate — agentic systems vs robotics-led approaches
• India’s cap table problem and its long-term implications
• Nirman’s investment thesis and approach to governance

A grounded conversation on venture capital — focused less on momentum, and more on judgment, discipline, and building wha ...