US venture capital firm Alphatron Capital, formerly SMK Ventures, has closed its first fund at $30 million, exceeding its initial target of $25 million by 20 per cent. The fund aims to offer US investors access to a diverse range of Indian technology and tech-leveraged companies, focusing on Enterprise SaaS, Fintech, HealthTech, AI/ML, Digital Content, and Direct-to-consumer sectors.
"The Indian economy, driven by technological advancements, presents tremendous growth opportunities for investors. We are excited to serve as a gateway for US-based investors to participate in India's future over the next few decades" said Suresh Vaswani, Founding Partner and Chairman of Alphatron Capital." We have a sector agnostic, tech-led approach to our investments that allows us to tap into India's burgeoning technology landscape".
“With our unique structure of investments into funds and co-investments, we revolve our thesis around strong fundamentals, product led & tech led startups, distinguished as category creators or category winners” said Karan Negi, Founding partner and CEO of Alphatron Capital.
As a fund of funds, Alphatron Capital conducts extensive due diligence on multiple funds in India, targeting those with the greatest growth potential, the firm said. With 11 fund of fund investments and 5 SPV/Co-investments already made, Alphatron Capital remains committed to identifying and supporting innovative tech-led funds and coinvestment opportunities.
Alphatron Capital is a US-based venture capital firm founded by Suresh Vaswani (Chairman), Karan Negi (CEO), Sudhir Pai (CFO), and Vishwesh Pai. The firm focuses on investing in high-quality venture funds and technology companies, aiming to provide US investors with access to a diverse range of companies in India's emerging economy. The firm has already made 11 funds of fund investments and 5 SPV/Co-investments, it said.
