Catamaran Ventures plans to scale up its India allocation over the next half decade. The approach blends listed stocks and private deals, with a tilt toward areas where Indian companies can build capabilities that serve customers around the world.
AI sits at the center of the playbook. Instead of focusing solely on foundational-model teams, the growth-stage investor Catamaran is following Indian companies that supply AI-powered enterprise solutions offering specialized capabilities to large multinational clients. The firm's broader portfolio spans both public and private markets.
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As companies everywhere race to embed AI, that push is fueling demand for compute infrastructure, data centers and supporting services. India's opening is not just to craft its own models, but to provide the expertise and backbone that global players need. With AI workloads rising, attention is turning to data centers and their bigger needs for energy systems, cooling, compute, and storage; additionally, Catamaran favors precision manufacturing, expecting gains as supply chains diversify and as Indian companies expand into higher-value production, providing components and finished goods that meet global specifications.
Catamaran manages $1.4 billion for Infosys Ltd. founder Narayana Murthy, who happens to be the father-in-law of former UK Prime Minister Rishi Sunak. It already holds stakes in Elon Musk's SpaceX and the National Stock Exchange of India Ltd. If one of India's largest private investors is steering more capital into AI infrastructure and higher-spec manufacturing, that is a signal about where demand could build next - from chips and cooling to enterprise software and industrial suppliers.
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