Peel and finely dice the onion. Dice the paprika. Split cut the carrots in half and cut into chunks. Cut the potatoes into quarters (do not cut too small to keep them intact while cooking).
Set the Instant pot on saute mode (high) and add the olive oil. Once hot add the beef cubes and fry until they are brown from all sides. This will take about 5-7 minutes. Once the beef cubes have turned brown from all sides, take them out and keep aside. (Move on to the next step without washing the pot).
Keep the Instant pot on saute mode (high) and add onion. Saute for 1 minute.
Add all the spices, salt and tomato paste and saute for another minute.
Now add the beef, diced paprika, carrots and potatoes. Give a quick mix.
Add the canned chopped tomatoes and water. Mix everything well.
Put the lid on (sealing position) and set to cook on high pressure for 25 minutes.
After the set time is complete, quick release the pressure and open the lid. Give a quick stir and serve.
