It is easy to miss Liechtenstein on a world map. It is impossible to miss its money.

This is a country in Europe, smaller than parts of Bengaluru, ruled by a princely family that also owns LGT, a private-banking and asset-management group with roughly $480 billion under management. Some of that money travels. Over the past seven years, a meaningful portion has made its way into Indian startups through Lightrock, the family’s investment arm, including its recent ~Rs 440 crore Series E investment in EV firm Euler Motors alongside Hero Motocorp and Blume Ventures.

In March, it did something slightly unusual with it.........

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