Tejas Panchal
Vice President - Investments at OTP Ventures
About
I'm Tejas Panchal, Vice President - Investments at OTP Ventures, an early-stage venture capital fund. My career has taken me from Deloitte and Xiaomi to leadership roles at LetsVenture and Propell Fund, blending financial expertise with hands-on startup experience. I'm passionate about backing resilient founders in AI/ML, DeepTech, AgriTech, and consumer brands—especially those building design-led products that improve daily life. I believe India's agriculture sector is on the verge of a Green revolution v2 moment and value integrity and transparency above all in business. I'm here to be a cheerleader for founders, offer strategic investment support, and connect with fellow investors who share a conviction-driven approach.
Networking
What I can offer
- ›Early-stage venture capital investment
- ›Investment management and financial analysis expertise
- ›Strategic planning for startups
- ›Support for founders as cheerleaders for their journey
- ›Connections to investor networks and industry events
Looking for
- ›Early-stage founders in AI/ML, DeepTech, AgriTech, and consumer health/wellness
- ›Connections with other investors and funds
Best fit for
Current Interests
Background
Career
Started as Assistant Manager at Deloitte, then held roles at Xiaomi India, IIM Shillong Sports Committee, LetsVenture (Consultant Internship then Founder's Office), Investment Consultant at Propell Fund concurrently with LetsVenture, and now Vice President - Investments at OTP Ventures
Education
PGDM (Master of Business Administration) from Indian Institute of Management (IIM), Shillong (2018–2020); Chartered Accountancy (Specialization in Auditing) from The Institute of Chartered Accountants of India (2012–2016); Bachelor's Degree in Business/Commerce from Gujarat University (2012–2015)
Achievements
- ›As part of OTP Ventures, completed the fund's first year with 80% of the fund raised and 13 investments committed against a target of 30-32 companies over 4 years
- ›Co-authored an analysis on 'the economics of running a VC fund' for Compass publication
- ›OTP Ventures was named a Finalist for the Thesis Vanguard Award at the Allocator One Alpha Awards Asia 2025
Opinions
- Being a founder requires immense resilience and is 'a walk in the park compared to being a Founder!'
- Advises founders to view a 'No' from a VC as 'we don’t yet see what you see! Keep building.'
- Emphasises integrity and transparency in business, stating 'trust isn’t built by being perfect or flawless, it’s built by choosing integrity and transparency when it’s inconvenient.'
- Has a strong bullish conviction on India's agriculture sector, believing it is poised for a 'Green revolution v2 moment.'
- Values design-led, feature-rich consumer products that are accessible and improve daily life