SHASHWAT
HOLDINGS
Case Study

Vaultara

Why we led the seed round at zero revenue, and how infrastructure-layer patience created the dominant cross-border treasury platform in ASEAN.

Outcome

From MVP to $180M ARR

Why we led the seed round at zero revenue, and how infrastructure-layer patience created the dominant cross-border treasury platform in ASEAN.

Key Lessons
  1. 1

    B2B sales cycles in banking require 18-month runways

  2. 2

    Infrastructure wins are winner-take-most

  3. 3

    Regulatory licenses compound in value

Investment Timeline

48 months

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