Peel the beetroot skins off and give them a quick wash.
Cook the halved beets in Instant Pot (using PIP method) for 12 min in high pressure. Open the lid with natural release.
Once it cools down or warm enough to handle, chop the beets into cubes and keep them aside.
Place a pan over medium heat and add 1 tablespoon of oil.
As the oil heats up, add mustard seeds, urad dal and saute for 20 seconds.
Then add the red or green chilies and saute until the dal turns golden.
Add curry leaves and as they sputter, add the cooked beets and stir fry for a minute.
Add curry powder (optional), and salt, stir fry for another 2 mins.
Add grated coconut and stir well. Leave it for 30 seconds before switching off the heat.
Serve it hot or warm with your favorite side dish.