Alphatron Capital

𝗔𝗜 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝘄𝗶𝗹𝗹 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀, 𝗯𝘂𝘁 𝗸𝗻𝗼𝘄𝗶𝗻𝗴 𝘄𝗵𝗲𝗿𝗲 𝘁𝗼 𝗳𝗼𝗰𝘂𝘀 𝘄𝗶𝗹𝗹 𝗱𝗲𝗳𝗶𝗻𝗲 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝘀𝗰𝗮𝗹𝗲. In Episode 2 of #DecodingAI, Vishwesh Pai, Senior Director of Product Management for AI Platforms at ServiceNow, and Accel's Anagh Prasad discuss how enterprise decision-makers approach AI adoption. The conversation covers: 💡 𝗔𝗜 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝘄𝗼𝗿𝗸𝗳𝗹𝗼𝘄𝘀 Instead of creating standalone AI products, ServiceNow integrates AI into existing workflows, enhancing productivity and customer outcomes. Startups could follow this approach by embedding AI where it makes the most impact. 💡 𝗧𝗵𝗲 𝗯𝘂𝗶𝗹𝗱 𝘃𝘀 𝗯𝘂𝘆 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 Vishwesh reveals how ServiceNow decided to build their own LLMs, like the StarCoder series, for better security control. Founders must weigh the pros and cons of building in-house vs. using third-party models, balancing cost, agility, and customization. 💡 𝗔𝗜 𝘀𝗮𝗳𝗲𝘁𝘆 𝗮𝗻𝗱 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗮𝗿𝗲 𝗻𝗼𝗻-𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝗯𝗹𝗲𝘀 Enterprises prioritize trust and transparency, and startups that bake these principles into their solutions will stand out to buyers. Watch the full episode on SeedToScale. Link in comments.

Google backed Space-Tech startup Pixxel (Alphatron portfolio company) becomes the first Indian space startup to receive an order from NASA •⁠ ⁠Pixxel has become part of NASA’s $476-million commercial smallsat data acquisition program •⁠ ⁠They will provide NASA with hyperspectral earth observation data •⁠ ⁠Hyperspectral imaging captures and processes light across a wide range of wavelengths, enabling the identification and analysis of materials based on their unique light patterns •⁠ ⁠Awais Ahmed (CEO) added, “We are deeply honoured to support NASA’s earth observation initiatives. We will demonstrate the transformative potential of Pixxel’s hyperspectral technology in addressing critical environmental challenges”  •⁠ ⁠Pixxel raised $36 million in a series B funding round in June last year from Google, Alphatron Capital and others Read More: https://rb.gy/oiigjo

India's private capital-backed exits on the rise •⁠ ⁠While the rest of the world has been struggling with a slowdown of exits, deal value in India increased by 46% and deal count by 51%, year-over-year •⁠ ⁠India saw $25 billion in private capital-backed exits in 2023 and $11.5 billion in the first half of 2024 •⁠ ⁠The Indian exit boom is thanks to a few factors, namely favorable macro conditions and investor-friendly government policies •⁠ ⁠Despite a decrease in the number of strategic buyer exits in 2023, exit value grew, indicating larger deal sizes Alphatron Capital provides US investors access to the Indian growth story! Contact us to learn more Read the article: https://rb.gy/mu2nl6 Our Website: https://lnkd.in/gFGQg95H

In a significant boost to the startup ecosystem, the government has proposed to abolish the angel tax on all asset classes, as announced by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget for 2024-25. This move eliminates the burdensome Section 56 (II) (viib) of the Income Tax Act, which previously taxed any consideration of issue of shares that exceeded the fair value of shares issued by a privately-held company. What Does This Mean for Startups? 1. Increased Investment : The abolition of the angel tax will likely lead to a surge in investments from angel investors. By removing this tax, startups will find it easier to secure funding, driving growth and innovation. 2. Enhanced Valuations: Startups can now issue shares without worrying about the fair value constraints imposed by the angel tax. This change will help startups achieve more accurate valuations reflective of their potential and market expectations. 3. Global Competitiveness: This move aligns India’s startup ecosystem with global standards, making it a more attractive destination for foreign investors. Startups will benefit from a more favorable investment climate, encouraging international venture capital. 4. Encouragement for Founders: Founders can now focus more on building their businesses rather than navigating complex tax regulations. This simplification will foster a more dynamic and vibrant entrepreneurial environment. A Step Towards Growth and Innovation The proposed abolition of the angel tax is a testament to the government’s commitment to fostering a robust startup ecosystem. By alleviating financial and regulatory burdens, this initiative is poised to unleash a new wave of innovation and growth in the Indian startup landscape. A special mention goes to Siddarth Pai, whose persistent efforts and initiative in openly addressing this issue have been instrumental in fostering the growth of the ecosystem. By highlighting the problems of triple taxation and more, and closely working with regulators,he has played a crucial role in bringing about this positive change. As we look forward to this change, it's clear that the future is bright for Indian startups. Let's seize this opportunity to propel our ventures to new heights and contribute to the country's economic growth and technological advancement. Alphatron Capital Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA 3one4 Capital #StartupIndia #UnionBudget2024 #AngelTax #Entrepreneurship #Innovation #Investment #alphatroncapital #India #venturecapital

Lobb, an Alphatron portfolio company (Investment through 3One4 Capital), India's Fastest-Growing Digital Freight Platform, Secures $2.9 Million in Funding for National Expansion 1.⁠ ⁠Lobb has raised $2.9 million in funding from a host of prominent investors, including Rajesh Voddiraju and Sharada Nandakumar 2.⁠ ⁠Lobb addresses inefficiencies in traditional freight brokerage, such as opaque pricing, idle time, and unprofitable routes through process automation  3.⁠ ⁠Using the platform, fleet owners see a 40% increase in truck utilisation and reduced halting hours 4.⁠ ⁠They currently serve over 1,200 logistics companies and 5,000 fleet owners with 30,000+ trucks 5.⁠ ⁠The funds raised will be used to scale operations, expand their team and strengthen their tech using GenAI, ML, and Big Data Read the article: https://rb.gy/9hfdiy Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA

Google backed Space-Tech startup Pixxel (Alphatron Portfolio Company) on course to launch 6 satellites, using ISRO and SpaceX rockets 1.⁠ ⁠The first set of 6 hyperspectral satellites (in 2024) will be launched, either through the Polar Satellite Launch Vehicle (PSLV) or through a SpaceX launch vehicle. 2.⁠ ⁠The company is one of the largest funded space startups in India, with total funding of around $71 million. 3.⁠ ⁠“We are planning to launch six Fireflies constellation satellites this year, starting in June. This will be followed by adding another 12 more in 2025” said Awais Ahmed, co-founder and CEO, Pixxel. 4.⁠ ⁠Hyperspectral imaging captures and processes light across a wide range of wavelengths, enabling the identification and analysis of materials based on their unique light patterns. 5.⁠ ⁠In January 2024, Pixxel started its first spacecraft manufacturing facility in Bengaluru, where it can assemble, integrate and test 40 satellites of over 100 kg every year. Read More: https://rb.gy/9zcfsf Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA

Alphatron Capital Founding Partner on CNBC News Vishwesh Pai, founding partner at Alphatron Capital, takes the spotlight on CNBC News, sharing insights on our latest fund closure and our unique approach to investing in Indian startups. 🚀 Dive into the interview to discover our investment focus, notable co-investments like Pixel and Homeville, and the promising growth trajectory of India's startup ecosystem. #VentureCapital #StartupInvesting #IndiaTech #AlphatronCapital #CNBCExclusive Interview Link : https://lnkd.in/gR2PrWju Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA

Alphatron Capital $30M Fund Raise Covered in Mint Newspaper 🚀 We are thrilled to share that we've been featured in the renowned Mint Newspaper! 📰👏 Our recent successful fundraise was not only covered online but also on print media, this is a testament to the hard work and dedication of our team. 🌟 Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA

We're thrilled to share that SMK Ventures is now Alphatron Capital! 🚀 Our rebranding reflects our commitment to innovation, growth, and unlocking unprecedented opportunities in the venture capital space. Explore our new website: alphatroncap.com As we embark on this transformative journey, our core values remain unyielding, and our passion for excellence only increases. To our incredible partners, supporters, and friends, thank you for your ongoing trust and collaboration. Together, let's continue shaping the future of venture capital under our new identity – Alphatron Capital! View our Press Release : Economic Times : https://bit.ly/495qdDR VC Circle : https://bit.ly/498vpHc Inc42 : https://bit.ly/43qZNeB #AlphatronCapital #VentureForward #InnovationJourney #NewBeginnings #USIndiaVentures 💼🚀 Suresh Vaswani Karan Negi Sudhir Pai, CPA, FCA, EA, CGMA

SMK Ventures portfolio company Virohan [investment through Blume Ventures], a Healthcare edtech startup raises $1.8 million of funding in an extended Pre-Series B round led by Blume Ventures 1.⁠ ⁠The round saw the participation of Mitsui Sumitomo Insurance Venture Capital, Suneight OK Partnership (Suneight), Bharat Inclusive Technologies, among others 2.⁠ ⁠Before this round, the firm raised $7 million in funding led by Blume Ventures 3.⁠ ⁠Founded in 2018 by Archit Jayasal, Kunaal Dudeja, Nalin Saluja, and Parul Dudeja, Virohan focuses on skill development in the healthcare sector, particularly for allied healthcare professionals 4.⁠ ⁠It operates hybrid classrooms at over 20 campuses and online training across India in cities including Delhi, Gurgaon, Faridabad, Roorkee, Raipur, Mumbai, Nagpur etc Read The Article: https://rb.gy/pjza2h