Set your Instant pot on the saute setting place olive oil and beef in the bottom of the pot. Saute for about 10 minutes, stirring occasionally to make sure the meat browns on all sides.
Remove beef from the instant pot and set aside. Place the onion and garlic in the instant pot and saute for 5 minutes, stirring occasionally until the onion is translucent.
Add tomato paste, stir and continue cooking for about 2-3 minutes.
Next pour the beef broth in the instant pot and stir to blend everything well.
Add in the chopped potatoes, carrots, salt and spices. Add the beef back into the pot.
Stir well and set to high pressure and cook for 25 minutes.
Once it is finished cooking use the quick release to release the pressure. Remove the lid.
Whisk together the corn starch and water and pour it into the soup, stir well. Mix in the peas.
Stir well, turn the Instant pot onto saute mode, place the lid on and allow to cook for 10 minutes
Serve hot, store any leftovers in an airtight container.