Alphatron Capital raises $30-million fund

Alphatron Capital, previously SMK Ventures, a US-based enterprise capital agency, has closed its maiden fund with $30 million. The fund, which was oversubscribed by 20 per cent, would deal with start-ups working in areas like enterprise SaaS (software-as-a-service), fintech, well being tech, AI/ML, digital content material, and direct-to-consumer (D2C) sectors.

“The Indian financial system, pushed by technological developments, presents super progress alternatives for traders. We’ll act as a gateway for US-based traders to take part in India’s progress story,” Suresh Vaswani, Founding Accomplice and Chairman of Alphatron Capital, stated.

“We’ve a sector agnostic, tech-led method to our investments that permits us to faucet into India’s burgeoning know-how panorama,” he stated.

As a fund of funds, Alphatron Capital conducts in depth due diligence on a number of funds in India, focusing on these with the best progress potential.

“With 11 fund-of-fund investments and 5 particular goal automobile/Co-investments already made, Alphatron Capital stays dedicated to figuring out and supporting modern tech-led funds and co-investment alternatives,” Karan Negi, Founding Accomplice and CEO of Alphatron Capital, stated.

“The profitable completion of its first fund marks an essential milestone within the firm’s journey to gasoline entrepreneurial ventures and help the subsequent era of class leaders,” he stated.