Alphatron Capital which closed its debut fund with $30 million would focus on start-ups engaged in enterprise SaaS (software-as-a-service), fintech, health tech, AI/ML, digital content, and direct-to-consumer (D2C) sectors.
Alphatron has so far invested in 11 funds, including Blume, 3one4 Capital, Chiratae Ventures, and Speciale Invest, and also made five SPV/co-investments. The fund was oversubscribed by 20 per cent, which had set an initial target of $25 Mn.
“The Indian economy, driven by technological advancements, presents tremendous growth opportunities for investors. We will act as a gateway for US-based investors to participate in India’s growth story,” Suresh Vaswani, Founding Partner and Chairman of Alphatron Capital (formerly SMK Ventures), said.
“We have a sector agnostic, tech-led approach to our investments that allows us to tap into India’s burgeoning technology landscape,” he said.
Alphatron Capital to invest in startup growth stories
According to Alphatron India’s technology sector is poised for a remarkable 5x growth in this decade.
As a fund of funds, Alphatron Capital, a US-based venture capital firm, conducts extensive due diligence on multiple funds in India, targeting those with the greatest growth potential.
“With 11 fund-of-fund investments and five special purpose vehicle/Co-investments already made, Alphatron Capital remains committed to identifying and supporting innovative tech-led funds and co-investment opportunities,” Karan Negi, Founding Partner and CEO of Alphatron Capital, said.
“The successful completion of its first fund marks an important milestone in the company’s journey to fuel entrepreneurial ventures and support the next generation of category leaders,” he said.
Alphatron said it conducts extensive due diligence into its target funds. The VC firm plans to keep an eye out for tech-led funds and co-investment opportunities.
The announcement comes at a time when a host of VC and PE firms are raising capital in droves despite the ongoing funding winter.
