Semiconductors
2026
Sensesemi Technologies
Fabless edge-AI chips for industrial IoT, automotive and medical devices.
5xUnrealised mark, still held
New Delhi
Oncor Capital is a small family office based out of New Delhi backing founders in semiconductors, deep tech, renewable energy, AI, and everything else. We invest from idea stage through post-revenue. We bet on the technology and the founder long before the traction exists — and we open our network from the first cheque.
Scroll
Where we invest
Four sectors.
One question.
The sectors look different on the surface. The question we ask in each is identical: is there something genuinely hard here that a well-funded competitor could not simply decide to build next quarter?
Full thesis →Chips are the hardest thing to build and the hardest thing to displace. India now has the policy support, the design talent and the customer proximity to produce real fabless companies — and almost none of the domestic capital is willing to wait through a tape-out.
What we look for
- Fabless design teams with tape-out-proven leadership
- Edge inference, analogue and power management
- Companies with a design win before a product line
Track record
Cheques already written.
Renewable Energy & Sustainability
2024
Pace Digitek
Power management, fibre and renewable-energy infrastructure for telecom operators.
2xReturn on exit
Renewable Energy & Sustainability
2024
Jupiter International
Solar cell and module manufacturing for India's clean-energy build-out.
1.8xReturn on exit
How we work
What backing from us looks like.
01
We are not afraid of early
Idea stage, pre-product, pre-revenue — none of those are disqualifying. We would rather take real technology risk with a founder we believe in than pay up for a company whose risk has already been priced out.
02
Stage-agnostic, conviction-led
We write cheques from idea through post-revenue. What stays constant is the bar: a technical moat we can articulate, and a founder we would back again. What varies is the stage at which we find it.
03
The network is the value add
We are a family office, not a fund with a platform team. What we do have is deep operating relationships in the industries we invest in, and an active line into New Delhi's VC funds, family offices and institutional investors. We make those introductions from day one, not at the next round.
04
We move at founder speed
No committee, no memo circulating for three weeks, no waiting on a partner meeting. We can form a view in days and tell you exactly where you stand and why — so you always know what you are working with.
Raising now?
Send the deck. Skip the intro.
A cold email that shows you’ve read the thesis gets read first. No committee, no three-week silence — we answer in days.
Get in touch