ZeroPearl Sector Reports: Mapping VC-Investable White Spaces

At ZeroPearl, Tanmay was not just evaluating individual startups. He was also building the sector-level context that made deal evaluation faster and more precise. Because the team was lean, he owned this research independently, presenting findings directly to the investment committee.

His approach was to break each sector into sub-segments, map CAGR and growth trajectories, track government policy tailwinds, and follow where VC money was actually flowing. The goal was not a general market overview but a VC-filtered view: identifying the specific white spaces where early-stage capital made sense, as distinct from areas better suited to PE or growth-stage money.

One report he built end-to-end focused on India's energy infrastructure import dependency. He calculated the total annual energy infrastructure spend across sub-segments, then broke down what proportion was leaving India through hardware imports, component assembly, and global IP and software licensing. He arrived at a specific percentage figure for annual import leakage and paired it with recommendations on how government support and private innovation could reduce that number and position India as a net exporter.

Across his time at ZeroPearl, he reviewed over a hundred startups and opportunities, using these sector maps as the analytical backbone for IC discussions.