Nruthya Madappa

AGNIT Semiconductors was founded in 2019, carrying over 15 years of gallium nitride research at @iiscbangalore, more than a dozen licensed patents, and access to fabrication infrastructure that the institute took over a decade to build. @caleb_friesen at @RuntimeBRT recently captured this journey in detail. The company's approach is to own the fully integrated GaN stack covering epiwafers, finished RF components, and power amplifier modules. Currently, they have three RF products in pilots for Indian strategic customers, with commercial shipments targeted for 2027. GaN is the material that 5G infrastructure and EV powertrains are increasingly being built around, and India today imports almost all of it. AGNIT is building methodically toward a position where that dependence becomes smaller over time. The right benchmark is where India's domestic GaN capability stood five years ago, and by that measure, the progress is real. @MayankIISc

A milestone evening for 3one4 Capital as we won three awards 🏆at the @winpeforum Leadership Summit 2026, March 31. @nruthya7, who has been a driving force in shaping 3one4's approach to investments and people, was named 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿. The recognition reflects the thoughtfulness and conviction she brings to every decision at 3one4. Our investment in @rforrabbitbaby won 𝗗𝗲𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿, a company we backed because we believed the founders were solving a real problem for Indian parents and doing it with genuine integrity. And 3one4 Capital won 𝗙𝗶𝗿𝗺 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 𝗶𝗻 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹, an acknowledgement of the culture we've been working to build alongside the returns we've been delivering. The WinPE awards recognise firms that treat inclusion as a practice, and winning across these VC categories tells us we're building something that holds up under that lens. Thank you to @winpeforum for the recognition and for creating a platform that takes both performance and inclusion seriously. We're proud of this sweep, and even prouder of the work that made it possible. 🙌 @nupurgarg_winpe @anjalisosale @mkheterpal

From zero‑to‑one moments to global expansions, from tough discussions to transformative wins, founders across the 3one4 Capital portfolio share honest reflections on what it truly feels like to build with the firm. The conversations capture the depth of a relationship built on trust, shared ambition, and a belief that India can be built through the teams that back bold founders.

𝟯𝗼𝗻𝗲𝟰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗶𝘀 𝗵𝗼𝗻𝗼𝘂𝗿𝗲𝗱 𝘁𝗼 𝗯𝗲 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘀𝗲𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗪𝗼𝗺𝗲𝗻 𝗙𝗶𝗿𝘀𝘁 𝗔𝘄𝗮𝗿𝗱 𝗮𝘁 𝘁𝗵𝗲 @IndianVCA 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲 𝗔𝘄𝗮𝗿𝗱𝘀 𝟮𝟬𝟮𝟲, 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗲𝗱 𝗱𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝟭𝟱𝘁𝗵 𝗜𝗩𝗖𝗔 𝗖𝗼𝗻𝗰𝗹𝗮𝘃𝗲 𝗶𝗻 𝗠𝘂𝗺𝗯𝗮𝗶. This recognition comes at a pivotal moment for India’s alternate capital ecosystem. The 𝗜𝗩𝗖𝗔 𝗖𝗼𝗻𝗰𝗹𝗮𝘃𝗲 𝟮𝟬𝟮𝟲, themed 𝘝𝘪𝘴𝘪𝘰𝘯 𝘵𝘰 𝘝𝘢𝘭𝘶𝘦: 𝘛𝘩𝘦 𝘕𝘦𝘸 𝘌𝘳𝘢 𝘰𝘧 𝘈𝘭𝘵𝘦𝘳𝘯𝘢𝘵𝘦 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘪𝘯 𝘐𝘯𝘥𝘪𝘢, brought together global LPs, fund managers, policymakers, founders, and ecosystem leaders for conversations that reflect a market where conviction, governance, and realised outcomes matter as much as capital deployment. At 3one4 Capital, we believe that when standards are clear, processes are objective, and excellence is non-negotiable, teams naturally bring together diverse viewpoints, strengthening decisions and outcomes. As we remain objectively focused on recruiting the very best people for every role, a genuine representation of the diverse voices that make up young India follows naturally. This recognition is a meaningful affirmation of that conviction, reinforcing our commitment to building a firm where inclusion is the outcome of getting the work right and creating real pathways for women across venture capital, portfolio leadership, and the broader innovation economy through systems that reward competence and expand opportunity. We are grateful to every LP, founder, and partner who has been part of this journey – your trust enables us to drive the ecosystem toward more pathways for women to lead at every stage of company building. Looking ahead, we remain committed to building systems, teams, and opportunities that enable more women to lead, invest, and create long-term value, while supporting founders who are building India's next wave of transformative companies.

𝗧𝗵𝗲 𝟯𝗼𝗻𝗲𝟰 𝗦𝘂𝗺𝗺𝗶𝘁 𝟮𝟬𝟮𝟲 𝗱𝗿𝗲𝘄 𝘁𝗼 𝗮 𝗰𝗹𝗼𝘀𝗲 𝗮𝗳𝘁𝗲𝗿 𝗮 𝗱𝗮𝘆 𝗼𝗳 𝗺𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗱𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝘄𝗶𝘁𝗵 𝘀𝗼𝗺𝗲 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗺𝗼𝘀𝘁 𝗱𝗶𝘀𝘁𝗶𝗻𝗴𝘂𝗶𝘀𝗵𝗲𝗱 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝘀𝘁𝘀, 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝘀𝘁𝘀, 𝗮𝗻𝗱 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝗯𝘂𝗶𝗹𝗱𝗲𝗿𝘀, 𝗲𝗮𝗰𝗵 𝗯𝗿𝗶𝗻𝗴𝗶𝗻𝗴 𝗱𝗲𝗽𝘁𝗵 𝗮𝗻𝗱 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗿𝗼𝗼𝗺. The 10th edition honored our ethos of building together and the discipline that has shaped our first decade. 🤝 We had the privilege of bringing together 300+ investors, founders, and partners, marking 10 years of 3one4 Capital. Across sessions, we heard from practitioners building India’s digital infrastructure, from institutions shaping enterprise and consumer behaviour, and from founders scaling high‑trust systems in finance and technology. The conversations cut through noise and focused on the forces shaping India’s next decade. 🔍🇮🇳 We are fortunate to work alongside LPs whose early conviction set the standard we hold ourselves to, founders whose resilience and ambition have built enduring institutions, and partners who continue to strengthen this community. The next chapter of Indian innovation will be shaped by 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲𝗱 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻, 𝗰𝗹𝗮𝗿𝗶𝘁𝘆 𝗼𝗳 𝗽𝘂𝗿𝗽𝗼𝘀𝗲, 𝗮𝗻𝗱 𝗮 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝘀𝘁𝗲𝘄𝗮𝗿𝗱 𝗹𝗼𝗻𝗴‐𝘁𝗲𝗿𝗺 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀. 🔧📈 We are grateful to every participant who brought insight, candour, and ambition to the room. Thank you for your time and your belief in the road ahead. 𝗛𝗲𝗿𝗲’𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗱𝗲𝗰𝗮𝗱𝗲 𝗼𝗳 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿! 🚀 #3one4Summit #3one4Summit2026 #3one4Capital #10Yearsof3one4Capital #IndiaGoesGlobal @kris_sg | @bhavtoshontech | @sanjeevsanyal | @EACtoPM | @TVMohandasPai | @Pai_dPiper | @SiddarthMPai | @anuragwho | @nruthya7 | @idaboitlung | @unaccompanied_p | @monica_umesh

Today at the 3one4 Summit, we are convening LPs, founders, and sector leaders for a focused series of conversations on India’s next decade. A ten-year arc of disciplined execution, deep partnerships, and founder alignment has shaped our platform and our portfolio. This is a room built on earned trust and the compounding of long-term partnerships, and we are proud to celebrate it with everyone who made it possible. 🤝 The discussions today will examine how expanding digital infrastructure, emerging consumer and enterprise behaviour, and innovation across regulated and high-trust sectors are shaping the foundations of long-term value creation. Our intent is to bring evidence-led insights and high-clarity perspectives to the forefront, across thoughtful conversations, immersive portfolio sessions, and meaningful exchanges on the themes that define our work. This year holds special meaning as we mark 𝘁𝗲𝗻 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝟯𝗼𝗻𝗲𝟰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹. 𝗦𝘂𝗺𝗺𝗶𝘁 𝟮𝟬𝟮𝟲 is our moment to recognise the work of the past decade and to look ahead at what the next decade of Indian innovation holds. 🚀 As India moves toward a $10 trillion economy, our conviction in early-stage innovation remains steadfast. We look forward to a day of meaningful dialogue as we begin the next chapter together. 🙌 Stay tuned. Big conversations start today! 𝘞𝘢𝘳𝘮 𝘳𝘦𝘨𝘢𝘳𝘥𝘴, 𝘛𝘦𝘢𝘮 3𝘰𝘯𝘦4 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 #3one4Summit #3one4Summit2026 #3one4Capital #10Years #10Yearsof3one4Capital #IndiaGoesGlobal

Prof. Donald Knuth opened his new paper with "Shock! Shock!" Claude Opus 4.6 had just solved an open problem he'd been working on for weeks — a graph decomposition conjecture from The Art of Computer Programming. He named the paper "Claude's Cycles." 31 explorations. ~1 hour. Knuth read the output, wrote the formal proof, and closed with: "It seems I'll have to revise my opinions about generative AI one of these days." The man who wrote the bible of computer science just said that. In a paper named after an AI. Paper: cs.stanford.edu/~knuth/papers/…

Agnit Semiconductors works on Gallium Nitride (GaN) power chips, a material that outperforms silicon in high-power, high-efficiency applications like telecom infrastructure, defence systems, and fast charging. The company is grounded in fifteen years of GaN research at IISc, giving it a rare depth of technical foundation at the early stage. India currently imports over 90% of these chips, which is precisely what makes Agnit's work both significant and timely. @trdessai (@FilterCoffeeHQ) visited the Agnit team at @iiscbangalore where she spoke with Hareesh Chandrasekar about the science, the challenge of moving from prototype to reliable volume manufacturing, the economics of building a semiconductor company in India, and why this moment feels genuinely different for the sector.

At the India AI Impact Summit 2026, @SiddarthMPai joined the panel 𝘋𝘦𝘦𝘱 𝘛𝘦𝘤𝘩 & 𝘈𝘐 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘐𝘯𝘥𝘪𝘢: 𝘊𝘶𝘳𝘳𝘦𝘯𝘵 𝘢𝘯𝘥 𝘍𝘶𝘵𝘶𝘳𝘦 𝘚𝘵𝘢𝘵𝘦𝘴, a conversation hosted by the India Deep Tech Investment Alliance (IDTA). The dialogue focused on India’s transition from a services‑led economy to a product‑innovation hub, with 2026 marking a pivotal moment for DeepTech and AI. Chaired by Sudhir Sethi (Chiratae Ventures), the panel brought together Ravikiran Vadapally (Premji Invest), Gopal Jain (Gaja Capital), Nishith Desai (Nishith Desai Associates), and Sneh Vaswani (Miko). The discussion explored the true state of capital allocation through data rather than narrative, highlighting seed‑to‑growth funding gaps and indicators of ecosystem maturity. As India’s AI footprint accelerates, conversations like these are critical to grounding ambition in evidence and ensuring that the country’s DeepTech trajectory is shaped by clarity, conviction, and long‑term alignment. #IndiaAIImpactSummit2026 #IndiaAI #FutureOfTechnology #ViksitBharat2047 idtalliance.org

SaaS has long competed on execution and cost efficiency, but AI is rewriting the economics. In this edition of 𝘚𝘪𝘨𝘯𝘢𝘭𝘴, @ayushigarg1703 and Anirudh Ramalingam examine how the industry is pivoting from distribution-led growth to innovation-driven product leadership. • S&M spending has fallen from 46% to 38% of revenue since 2022 • R&D investment is growing and remains resilient at 25% of revenue • Over 70% of SaaS companies have integrated AI into their products • Leading firms are increasing R&D spend by 30-64% YoY to build defensible AI capabilities Innovation is becoming the new distribution. R&D payback multiples now dramatically outpace S&M efficiency, proving that AI-powered differentiation drives sustainable growth and premium valuations. For India, this shift opens a transformational opportunity. Indian SaaS can leverage its deep engineering talent pool, growing AI expertise, and proven global distribution to leapfrog directly into this innovation-first era – building category-defining, IP-defensible platforms rather than competing on cost alone. Companies like @thedarwinbox, @everstageinc, and @smallest_AI are already proving India can create world-class, AI-powered SaaS at global scale.

in ai too, India is poised to disappoint both the optimist and the pessimist

India’s demand story is broadening and deepening as the economy moves toward the $4,000 per-capita milestone. A younger workforce, rising household incomes, greater female workforce participation, and a formalising economy are expanding the consuming class at an exceptional pace. What’s changed is how India buys. Digital rails, easier credit, and low-friction fulfilment have created new gradients of aspiration across cities and cohorts. The result is a continuous upgrade path: • Bharat Core → Value Upgraders: access-led adoption in essentials and wellness • Value Upgraders → Urban Aspirants: quality, design, and convenience take the lead • Urban Aspirants → Affluent India: premium and performance become defaults Alongside this shift, new archetypes including the Gen‑Z digital native, the wellness‑driven household CFO, and the Silver Economy are reshaping preferences. Premiumisation is durable well beyond metros, and omnichannel is now default, with discovery happening online and trust and experience reinforced offline. Our 𝘐𝘯𝘥𝘪𝘢 𝘊𝘰𝘯𝘴𝘶𝘮𝘱𝘵𝘪𝘰𝘯 𝘙𝘦𝘱𝘰𝘳𝘵 maps these continuous, inclusive, and identity-driven upgrade pathways that are defining the next chapter of India's demand economy.

The Great Rebalancing is here, and India has a narrow window to turn upheaval into advantage. The global monetary order is shifting, reserve preferences are changing, and trade flows are re‑routing. This reset demands a focused execution agenda for India. • Production and export acceleration to convert currency dynamics into competitiveness. • Full implementation of labour codes so firms can scale hiring without regulatory gridlock. • Energy transition at speed to reduce import vulnerability while expanding industrial capacity. • Services‑led surplus as a national target, with GCCs, AI, and high‑value professional services compounding faster than imports. • Lower cost of capital to unlock investment in manufacturing, logistics, and deep tech. • Rupee internationalisation to strengthen settlement credibility and reduce embedded risk premia. If we align policy implementation to this moment, India will express new strengths. Net export surplus, deeper capital markets, and a more trusted currency are within reach. The question is whether we move with the urgency the window demands. Full analysis by @TVMohandasPai and @Pai_dPiper: 3one4capital.com/blogs/the-grea…

Today we share a technical report demonstrating how our drug design engine achieves a step-change in accuracy for predicting biomolecular structures, more than doubling the performance of AlphaFold 3 on key benchmarks and unlocking rational drug design even for examples it has never seen before. Head to the comments to read our blog.

@sanjaynath @BlumeVentures @BKartRed @SeekingN0rth @arpiit @saritaraichu @riashroff @AshishFafadia @thesumangalv @TusharVashisht @vinaykrsinghal Congratulations Team Blume!!

15 years of Blume ! Grateful to our LPs, co investors, ecosystem friends and most importantly, our Founders who choose to partner with Blume. Five funds, five locations, a team of more than 50, more than a 100 portfolio companies (Blumiers) who we've proudly backed... yet, that early stage dna always makes us feel like we're just getting started ! Its been an incredible journey with @BKartRed and @AshishFafadia @sajithpai @arpiit and our stellar Blume crew This year's theme - 'Orbit Shifting' is apt, as we see our best & brighest Founders transforming themselves from building category leaders to go beyond and build aspirational IPO-able, generational companies. The fireside with @PhonePe ‘s @_sameernigam and our own @dhirendranm @helloturtlemint showcased the scale of vision and ambition of today’s founders More power to them and their Orbit Shifts! 🚀 @BlumeVentures #BlumeDay15

@PadcareL, a clean-technology company focused on sanitary waste recycling, has raised $3 Million in Pre-Series A from 3one4 Capital, @Rainmatterin, @BrigadeReap, PKRBCV Shroff Trust, and existing investors including @LavniVentures and @partners_3i. Sanitary waste management remains one of the most under-addressed challenges within India's waste ecosystem. As regulations evolve with Solid Waste Management (SWM) 2026 rules and enterprises are held to higher sustainability and compliance standards, the need for organized, transparent recycling infrastructure is becoming unavoidable. India generates millions of tonnes of sanitary waste annually, yet most of it ends up in landfills or is handled unsafely due to the absence of scalable recycling solutions. Using patented technology, PadCare's end-to-end solution integrates on-site collection infrastructure, compliant logistics, scientific recycling, and transparent reporting that can: • recycle sanitary waste with 99.5% client retention demonstrating operational reliability • deliver strong unit economics with 26% EBITDA margins and PAT positivity for two consecutive years • scale across 24 cities serving 685+ enterprises including Infosys, Wipro, and Mahindra Group • process 256 MT of sanitary waste annually, reducing an estimated 512 MT of CO₂-equivalent emissions • operate at TRL-9 technology readiness with three granted patents and seven more in pipeline Given the technical expertise and execution capabilities of founder Ajinkya Dhariya, PadCare is building circular economy infrastructure for hygiene waste through reliable, multi-city deployment with strong business fundamentals. The company has achieved 136% revenue CAGR and maintains operations across 2,000+ sites. This round positions PadCare to scale recycling capacity to 2,000 MT annually by March 2027, launch PadCare Orbit (an app-based offering for housing societies), and expand into APAC markets. We're excited to be partnering with @Ajinkya_Dhariya and the PadCare team as they build scalable recycling infrastructure and establish new standards for sanitary waste management in India and beyond.

When Dhan started its journey our end-to-end execution speeds were at 120-150 ms (speeds at a certain size and scale), and post moving to DEXT they were optimised to under 50 ms for 90% of the orders. We keep optimising our trading systems and we are glad to share that with DEXT, we are now able to process 97% of all our orders under 20 ms. So what is DEXT? DEXT is Dhan’s in-house trade processing system that is built on the latest technology stack, and this makes it among the very few Stock Trading platforms in the world (not just India) that owns and manages most of its technology infrastructure in-house including the core trading systems that are built from scratch. For Dhan - DEXT has been an absolute game-changer as it gives us flexibility to build, iterate and scale faster instead of relying on third-party systems. @DhanHQ is a technology led trading platform instead of just being a tech-enabled broker working as a system integrator who integrates multiple third party partner or vendor products. We also have built great innovations on top of Dhan with new order types like - Super, Scalper, etc, core integrations of Positions and Margin Management, and also more innovations that are work in progress at our end. We have also spoken from time to time of how we are building Dhan, the technology that goes behind the scene on Charts, Orders, DEXT, DhanHQ APIs and more. Since we introduced DEXT, a lot of conversations have happened around how we built an entire order execution management system in just a few months wherein most of our peers in the industry rely on external vendors for the same. And not just in-house but with the reduced latency and enhanced reliability, handling large volumes of trades at scale. How is the DEXT Designed? Quick Background - Most trading platforms in India are over a decade old, built on an older technology stack and were built by third party vendors. DEXT is built to solve two things - innovation in trading platforms and speed of execution. The third important pillar to this is reliability - which solves for managing order executions of any volume seamlessly. Check more architectural highlights of DEXT here: madefortrade.in/t/decoding-dex…

The Union Budget of 2026–27 has reaffirmed the government’s commitment to research-led growth with a ₹20,000 crore top-up for the Research, Development and Innovation (RDI) fund for FY2026-27. Housed under the Ministry of Science and Technology, the RDI fund remains the largest component of the ₹23,125 crore earmarked for central sector science spending this year. Welcoming the move, @aniljoshi1, Founder and Managing Partner, @unicornindia, and VC Council Member, Indian Venture and Alternate Capital Association (@IndianVCA), said, “The ₹20,000 crore allocation is a clear signal of the government’s seriousness in backing research and development and accelerating India’s transition into a true product nation. Patient capital of this nature is critical for long-gestation, high-risk R&D projects that traditional funding structures often struggle to support.” @Pai_dPiper, Managing Partner, @3one4Capital, added, “As active investors in Indian deep tech, we believe this scheme will galvanise robust private sector participation in indigenous R&D and provide the institutional framework our startups have long needed to compete against well-funded, state-sponsored global competitors.” Together, the sustained allocation and industry participation point to a more investable and execution-ready R&D ecosystem for Indian startups. Read more: …ness--standard-com.cdn.ampproject.org/c/s/www.busine… #UnionBudget2026 #RDI #DeepTech #Startups #Innovation

Unusual Sunday 🌞 Markets Live for Budget 2026, this year we have over 4.15 Lac traders & investors logged on to @DhanHQ 🇮🇳👍🏼