Golden Sparrow

India-focused early-stage fund backing Indian-origin founders in deep tech and enterprise AI. Its Q1 2026 newsletter reports eight deep-tech companies and ten AI infrastructure/application companies across an 18-company portfolio.

Facts

TypeDirect investorSectorsAI / deep compute, Space, Semiconductors, BiotechStagePre-seed, SeedCheque size$400K - $1M initialGeographyIndiaHQNot stated on primary pages checkedFundFund I: $8M, 2023 vintage, fully deployed (website). Fund II: $20M target; first close in January 2026. Q1 newsletter reported $12M committed as of 31 March 2026, not a final close.StatusConfirmed focus, self-reported fund sizeLast checked12 Oct 2026

Note: US-domiciled, with an India and Indian-diaspora investment focus; listed under India by investment geography, not legal domicile. Newsletter examples include EtherealX (space), Morphing Machines (semiconductors), Hosted AI (GPU infrastructure) and Clario (enterprise data). The website also describes molecular drug-delivery investments. Headquarters is not stated on the primary pages checked. Fund commitments and portfolio counts are self-reported snapshots; they are not independently audited here. Performance and return-target claims have not been used as verified outcomes.

Cheque basis: Stated on the fund's current website

Sources

Golden Sparrow: Q1 2026 newsletter (primary source, 31 Mar 2026)
Golden Sparrow website: fund thesis, team and portfolio (primary source, 12 Oct 2026)