The moment that triggered it for me was when a Japanese founder said I was the only VC out of 20 to 30 meetings she had taken who genuinely understood enterprise businesses. While it was a compliment, it also raised concerns: if I had no rivals nearby, perhaps I was competing at the wrong level. For me, relocating to India—where startups are not only developing products but also creating the infrastructure of an emerging economic power—seemed like the next logical move.
It wasn’t easy to decide to move with the family. My wife had previously been exposed to New Delhi, the capital, as she worked as a flight attendant for Japanese Airlines. She was not fond of the air quality, the spicy cuisine, and the lack of safety for young single women. I needed to persuade her that Bengaluru was not the same as Delhi. After she got on board, we relocated to Bengaluru in the summer of 2023 so I could establish an Indian subsidiary for my VC firm.
As the sole employee of the company in this country, my responsibility is to facilitate investments in India for our fund based in Japan. The size of our average initial check is approximately $500,000, and we supplement it with investments ranging from $1 million to $1.5 million.
My investment thesis relies on these three qualities instead of specific sectors: founders who have a strong understanding of the Indian context; fields like pharmaceuticals or precision manufacturing in which Indian firms have the potential to emerge as global market leaders; and fields where India and Japan can work together, such as issues related to elder care or workforce shortages. I have made investments in five companies since we opened our office in India.