Press sauté on Instant Pot. Next, add coconut oil to the pot. Once the oil is hot, add cumin seeds, bay leaf, until cumin seeds start to sputter.
Next, add minced ginger, garlic, and curry leaves. Sauté for a few seconds.
Then add onions, and sauté until onions are translucent or light brown for 3-4 minutes.
Next, add the chopped tomato and dry spices, and cook for 1-2 minutes till the tomatoes turn soft.
Add the coconut milk and water, and deglaze the bottom of the pot to remove any stuck bits. Add diced butternut squash and green peas, mix well. If you think the mixture is too thick, add an extra ½ cup of water to this.
Close the Instant Pot with pressure valve to Sealing. Cook on High Pressure for 4 minutes.
Once the pot beeps, use Quick Release to remove the pressure manually.
Stir in the fresh lemon juice and garnish with cilantro.