Credence Partners

Altara Ventures is a private equity fund focused on Southeast Asia, dedicated to providing growth-stage capital and strategic expertise to small and medium-sized enterprises (SMEs). By investing in promising businesses, Altara Ventures aims to support their development and expansion, fostering innovation and enhancing operational capabilities. The fund seeks to identify opportunities within the dynamic Southeast Asian market, leveraging its knowledge and resources to drive value creation for its portfolio companies. Through its investments, Altara Ventures plays a crucial role in the growth of the regional economy by empowering SMEs to reach their full potential.

Fasi Syed

CEO and Founder

4 past transactions

Tonik

Series A in 2020
Tonik is a digital banking company that offers a range of retail financial products, including deposits, loans, current accounts, payments, and cards. Its platform is designed to facilitate secure online financial transactions, providing customers with a highly secure environment for managing their finances. By leveraging technology, Tonik aims to enhance financial liquidity and efficiency, enabling users to save and transact more effectively. The company focuses on delivering innovative banking solutions that cater to the needs of modern consumers.

Tonik

Venture Round in 2020
Tonik is a digital banking company that offers a range of retail financial products, including deposits, loans, current accounts, payments, and cards. Its platform is designed to facilitate secure online financial transactions, providing customers with a highly secure environment for managing their finances. By leveraging technology, Tonik aims to enhance financial liquidity and efficiency, enabling users to save and transact more effectively. The company focuses on delivering innovative banking solutions that cater to the needs of modern consumers.

Rotimatic

Series C in 2018
Zimplistic, founded in 2008 by Rishi Israni and Pranoti Nagarkar, is a kitchen robotics startup focused on improving healthy eating through innovative technology. Its flagship product, Rotimatic, is the world's first fully automatic roti-making appliance that utilizes artificial intelligence and machine learning to prepare fresh, homemade rotis with minimal human intervention. Users can create hot and delicious rotis in under a minute by simply pressing a button, making it a convenient solution for busy households. Since its launch in 2016, Rotimatic has garnered significant global interest, serving millions of rotis across various countries, including Singapore, the US, UK, Canada, Australia, and New Zealand. The appliance stands out for its compact design and user-friendly operation, aiming to simplify meal preparation while promoting healthier eating habits. With its innovative approach, Rotimatic has disrupted the kitchen appliance market and continues to attract health-conscious consumers seeking convenient cooking solutions.

20Cube Logistics

Private Equity Round in 2013
20Cube Logistics Pte Ltd. specializes in freight management and integrated logistics solutions, providing comprehensive services for cargo transport by sea and air. The company offers a wide range of freight management services, including non-vessel operating common carrier (NVOCC) services, air and sea freight forwarding, project cargo handling, customs brokerage, and risk management. Additionally, it provides warehousing and third-party logistics (3PL) services, focusing on global forwarding that encompasses the collection and preparation of goods, shipping documentation, transportation tracking, freight consolidation, and cargo insurance procurement. Through these services, 20Cube Logistics aims to streamline supply chain processes and enhance operational efficiency for its clients.
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