Sheetal Bahl
Partner at Merak Ventures
· India
Check size
$500K-$1.5M
Lead stage
seed
Deals tracked
17
Sectors
AI/ML, DeepTech
AI/ML
DeepTech
B2B SaaS
ClimateTech
AgriTech
SpaceTech
seed
Series A
Seed
Pre-seed
India
United States
Canada
About Sheetal
Sheetal Bahl is a Partner at Merak Ventures, an early-stage venture capital fund founded in 2022 and headquartered in Delhi NCR with presence in the United States and Canada. She is also a Founding Partner at growX ventures, a seed-stage investment fund with 15+ years of track record investing in B2B startups leveraging emerging technologies to solve real-world problems. Bahl brings deep expertise in early-stage investment, emerging markets, and technology-driven solutions across aerospace, AI, and unmanned systems
Investment thesis
Backs seed-stage B2B and emerging-tech founders solving hard real-world problems.
Merak Ventures is an early-stage venture capital firm investing in B2B and emerging technology companies across India, with a focus on the AI stack, DeepTech, and frontier hardware. Sheetal Bahl leads deal sourcing and backs founders solving hard real-world problems at the intersection of artificial intelligence, deep technology, and novel hardware solutions. The firm evaluates opportunities across ClimateTech, AgriTech, SpaceTech, and cutting-edge AI applications, seeking companies with genuine technical depth and sustainable competitive advantages
Investment philosophy
Sheetal Bahl is a founding partner at Merak Ventures, where the firm focuses on early-stage B2B and emerging technology companies in India. The stated approach emphasizes thesis-led, founder-first investing in real-world problem solvers across deep tech, AI, climate, and frontier hardware.
Investment focus
Sheetal invests in seed-stage and early-stage B2B companies using emerging technologies—including AI, aerospace, propulsion, and unmanned systems—to solve hard, real-world problems. She demonstrates a particular interest in deep tech and impact-driven ventures with a bias towards India and emerging markets
Areas of expertise
Recent activity
Live platform data · proprietary, citable layer
Notable portfolio
LightSpeed Photonics
CynLr
NeoSapien
AbleCredit
CredResolve
Helium
Pixxel
Bellatrix Aerospace
RACEnergy
Cell Propulsion
Cosmofeed
Notable deals
Bellatrix Aerospace – space propulsion technology
Pixxel – satellite imaging and AI
Mad Street Den – computer vision and AI
Locus – logistics and supply chain optimization
Fynd – fashion technology platform
Frequently asked
Does Sheetal Bahl invest at seed stage?
Yes. They invest at seed, Series A, Seed stage.
Their geographic focus includes India, United States, Canada.
What is their typical check size?
Sheetal Bahl's typical check size is $500K-$1.5M.
They currently invest through Merak Ventures.
What sectors does Sheetal Bahl focus on?
Sheetal Bahl primarily invests in AI/ML, DeepTech, B2B SaaS, ClimateTech.
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