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    Issue #1 | January 2026

    SilverX Catalyst

    SilverX News, Startup Insights & Investment Intelligence

    For LPs, Founders & Deep-Tech Operators

    Investment Thesis
    Research Reports
    Ecosystem Updates
    We're Coming to Dubai

    Exclusive investor evening with the SilverX Fund leadership team

    From the Founders

    SilverX - The Beginning

    The world is rapidly witnessing unprecedented technological changes - we have read this statement over the years and yet it seems truer than ever! We are at the cusp where the term Everything AI is not surreal any more and Yottabyte (250 trillions of DVD data) can be talked about!

    On the other hand, there is a surge in geopolitical considerations, wherein free trade is passé and things like rare earth metals shortage is threatening the overall technological growth or creating superpowers because of leverage. The present situation demands innovation and countries are fast tracking quantum computing, fundamental models and new materials.

    We, at SilverNeedle (our earlier fund), had already embarked on this journey with some key investments including Dhruva Space, OnFinance, Brainsight and Makershive. Now, with SilverX, we want to go deeper into the innovation pathway.

    "SilverX Fund represents our evolution. It's not just a larger corpus - it's a refined thesis built on hard-won insights. We've seen what works: founders with deep domain expertise, capital-efficient models that can weather cycles, and technologies that create genuine defensibility."

    - Ajay Jain, Founder & Managing Partner

    "We're not just investors - we're operators who've built, scaled, and exited. Every decision we make is informed by our own scars and successes."

    - Dhiraj Kumar Sinha, Managing Partner

    What Makes SilverX Different

    • 1
      Operator-Led: 70+ years combined experience building companies
    • 2
      Concentrated Bets: 18-20 companies, not spray and pray
    • 3
      Multiply through Winners: 60% corpus reserved for follow-ons
    • 4
      Proven Track Record of Team: $5B+ portfolio value, 17 exits

    An Evening to Remember

    November 21st at T-Hub, Hyderabad

    The SilverX Fund team at T-Hub, Hyderabad

    The SilverX Fund team at T-Hub, Hyderabad

    Panel Discussions

    "Startup Investments - Is It Worth It?"

    A candid discussion on risk, returns, and the reality of early-stage investing in India.

    Pranav Vempati
    Anurag Garg
    Venkat Nalam

    Moderated by Subramanian C.

    "Unicorns & India - The Next 10 Years"

    Where will India's next wave of unicorns emerge from? Insights from ecosystem veterans.

    Sanjay Nekkanti
    Ranju Sigtia
    Dhiraj Kumar Sinha

    Moderated by Prashanth Bandi

    Key Takeaways

    "The best time to invest in India's deep-tech was 5 years ago. The second best time is now."

    "Founders who can navigate both technical and commercial complexity will define the next decade."

    "The 2025-2035 window is India's opportunity to build sovereign technological infrastructure."

    Event Partner: ICICI Bank

    Who We Are

    Operators First, Investors Second

    Ajay Jain
    22+
    Years Experience

    Ajay Jain

    Founder & Managing Partner

    Sales/GTM, Deal Structuring, PM

    Dhiraj Kumar Sinha
    25+
    Years Experience

    Dhiraj Kumar Sinha

    Managing Partner

    M&A/Exits, Fund Ops, Management

    Abishek Balendran
    10+
    Years Experience

    Abishek Balendran

    Partner

    Deal Sourcing, Investment Management

    Sanjay Rastogi
    25+
    Years Experience

    Sanjay Rastogi

    Partner

    Product Management, GTM, Growth

    Rajesh K. Agarwal
    30+
    Years Experience

    Rajesh K. Agarwal

    General Partner

    IT Transformation, AI-driven Enterprise Solutions

    Dr. Ravindranath K.
    27+
    Years Experience

    Dr. Ravindranath K.

    General Partner

    Healthcare Leadership, Medical Associations

    Ramakanth Alapati
    20+
    Years Experience

    Ramakanth Alapati

    Advisor

    Semiconductors, Advanced Packaging, Quantum Computing

    Venkat Nalam
    20+
    Years Experience

    Venkat Nalam

    Advisor

    Audit, Taxation, Financial Advisory

    70+
    Years Combined Experience
    $5B+
    Portfolio Value Created
    150+
    Companies Backed

    What We Back

    Where We See Opportunity

    AI-First Infrastructure

    Foundation models to enterprise platforms transforming how businesses operate

    Focus Areas

    Developer Platforms
    Horizontal AI
    Vertical AI
    Consumer AI

    Deep Technology

    IP-protected frontier innovation with defensible moats

    Focus Areas

    Quantum Computing
    Advanced Materials
    Semiconductors
    Space-Tech

    Consumer Platforms

    Digital behavior transformation with mass adoption potential

    Focus Areas

    Social Commerce
    Creator Economy
    Digital Native Brands

    Strategic Verticals

    High-growth sectors with strong unit economics

    Focus Areas

    Fintech
    Healthtech
    Edtech
    Climate-Tech
    ₹800 Cr
    Fund Size
    18-20
    Target Companies
    $1-2M
    First Cheque
    60%
    Reserved for Follow-ons

    Research Spotlight

    India's Next Wave: Our Latest Thinking

    Our research team has identified high-conviction themes backed by rigorous analysis. These reports offer actionable insights for investors seeking early exposure to India's most promising sectors.

    New Research

    5 Sectors Poised for Growth

    Our deep-dive into Eldercare Tech, Data Centers, AI Lending, AI Diagnostics, and EDA & IP sectors.

    $583B+
    Combined Market Size by 2033
    • Eldercare Tech
    • Data Centers
    • AI Lending
    • AI Diagnostics
    • EDA & IP
    New Research

    Sectors Resilient to AI

    Why Agriculture, Construction, and Healthcare remain human-centric and present unique investment opportunities.

    Hybrid
    Human + AI Models
    • Agriculture - Physical complexity
    • Construction - Site variability
    • Healthcare - Human judgment

    Stay Connected

    Join the conversation and be part of India's deep-tech revolution

    Submit Your Deck

    Are you building a category-defining AI-first or deep-tech startup? We want to hear from you.

    We're looking for:

    • Seed+ to Series A/B stage
    • AI-native or deep-tech focus
    • India-based or India-focused

    Subscribe to SilverX Catalyst

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    SilverX Fund

    SilverX Fund | Backing India's AI-First Future

    Issue #1 | January 2026