Alphatron Capital, previously known as SMK Ventures, a prominent venture capital firm based in the United States, has recently announced the successful closure of its inaugural fund. The fund, initially targeted at $25 million, witnessed overwhelming interest from investors, surpassing expectations by 20% and closing at an impressive $30 million.
Pai revealed that the firm is poised to expand its portfolio with over eight direct investments across diverse technology sectors in India. The primary objective of Alphatron Capital’s fund is to provide American investors with access to a diverse array of India’s burgeoning technology and technology-enabled companies while streamlining entry barriers.
Pai further elaborated on the firm’s investment thesis, highlighting a bullish outlook on Software as a Service (SaaS), particularly those incorporating Artificial Intelligence and Machine Learning (AI/ML) technologies. Additionally, Alphatron Capital is keen on the fintech sector in India, recognising its immense potential for growth. Other sectors of interest include health technology, digital content, and direct-to-consumer (D2C) ventures.
Co-founded by Terniza Berry, TapFin aims to offer a comprehensive suite of services, including financing and insurance, to startups and Micro, Small, and Medium Enterprises (MSMEs) operating within the sustainability domain.
In an interview with CNBC-TV18, Berry emphasised TapFin’s commitment to becoming India’s premier sustainability platform. The capital infusion will be instrumental in bolstering the platform’s technological infrastructure and data capabilities, expanding market presence, and attracting top talent aligned with TapFin’s vision, Berry added.
Established in 2023, TapFin not only facilitates financial and insurance solutions but also endeavours to foster an ecosystem among sustainability-focused enterprises. This ecosystem aims to facilitate demand aggregation, foster market linkages, and offer value-added services, thereby nurturing a thriving sustainability landscape in India.
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