Stellaris Venture Partners | Activity

Essay

Alok Goyal published a detailed thesis on AI Native Services as a new venture category — companies that sell completed workflows into operating budgets, with AI changing the cost structure. The thesis argues this expands the venture opportunity from software budgets into operating budgets.

Stellaris Venture Partners

Stellaris Venture PartnersStellaris Venture Partners

stellarisvp.comAUG 26, 2026

AUG 26, 2026

Investment

Stellaris led an $8M Series A in Pinegap, an AI-driven equity research platform that builds AI agents for buy-side fund teams. Pinegap has 100+ institutional fund customers, 1000+ agents deployed, and generates 50,000+ reports/month.

Pinegap

Pinegap Stellaris Venture Partners

stellarisvp.comAUG 6, 2026

AUG 6, 2026

Milestone

Stellaris doubled down on CARPL at Series A. CARPL's platform hosts 300+ AI algorithms, processes 130,000+ patient scans/month, and serves Radnet (USA), I-Med (Australia), MD Anderson, and others.

CARPL

CARPL Stellaris Venture Partners

stellarisvp.comJUL 23, 2026

JUL 23, 2026

Milestone

Portfolio company Whatfix raised a $125M Series E round, cementing its position as one of India's leading B2B SaaS companies.

Whatfix

Whatfix Stellaris Venture Partners

stellarisvp.com

Added recently

Investment

Backed Kim, an AI customer support platform that combines AI with human oversight.

Kim

Kim Stellaris Venture Partners

finance.yahoo.com

Added recently

Essay

Published a thesis on the investment opportunity in Managed Service Provider roll-up strategies.

The Case for MSP Roll-Ups

Stellaris Venture Partners

stellarisvp.comMAY 21, 2026

MAY 21, 2026

Essay

Sayantan Sarkar and Swapnali Dalal published a detailed thesis on Physical AI data opportunity — arguing egocentric data collection for robotics is a $1.5B-$50B opportunity over 2-3 years, and India is the natural starting point.

Stellaris Venture Partners

Stellaris Venture PartnersStellaris Venture Partners

stellarisvp.comAPR 21, 2026

APR 21, 2026

Essay

Published a thesis essay on the data challenges facing physical AI and robotics.

Physical AI Has a Massive Data Problem

Stellaris Venture Partners

stellarisvp.comAPR 21, 2026

APR 21, 2026

News

ETEntrepreneur feature interview with Alok Goyal and Naman Lahoty covering Stellaris' contrarian strategy, discipline during the 2021 boom (only 7 bets vs peers' 30-50), and focus on India.

Stellaris Venture Partners

Stellaris Venture PartnersStellaris Venture Partners

entrepreneur.economictimes.indiatimes.comMAR 20, 2026

MAR 20, 2026

Investment

Led Arrowhead's $3M seed round; Arrowhead builds Voice AI for India's BFSI sector.

Arrowhead

Arrowhead Stellaris Venture Partners

economictimes.indiatimes.comJAN 2026

JAN 2026

Investment

Participated in Pibit.AI's $7M Series A; the company modernizes insurance underwriting workflows using AI.

Pibit.AI

Pibit.AI Stellaris Venture Partners

forbes.comNOV 2025

NOV 2025

Team Change

Vardhan Dharnidharka, a former AI/ML engineering leader based in New York, joined as Investment Principal and relocated to Bengaluru.

Vardhan Dharnidharka joined as Investment Principal

Stellaris Venture Partners

stellarisvp.comNOV 2024

NOV 2024

Team Change

Naman Lahoty, a two-time entrepreneur and Principal since 2019, was promoted to Partner alongside the Fund III close.

Naman Lahoty promoted to Partner

Stellaris Venture Partners

stellarisvp.comNOV 2024

NOV 2024

New Fund

Closed third fund of $300M to back early-stage founders in India building for Indian and global markets, bringing total AUM to over $600M.

Fund III – $300M

Stellaris Venture Partners

stellarisvp.comNOV 2024

NOV 2024

Stellaris Venture Partners Activity

Alok Goyal published a detailed thesis on AI Native Services as a new venture category — companies that sell completed workflows into operating budgets, with AI changing the cost structure. The thesis argues this expands the venture opportunity from software budgets into operating budgets.

Stellaris led an $8M Series A in Pinegap, an AI-driven equity research platform that builds AI agents for buy-side fund teams. Pinegap has 100+ institutional fund customers, 1000+ agents deployed, and generates 50,000+ reports/month.

Stellaris doubled down on CARPL at Series A. CARPL's platform hosts 300+ AI algorithms, processes 130,000+ patient scans/month, and serves Radnet (USA), I-Med (Australia), MD Anderson, and others.

Portfolio company Whatfix raised a $125M Series E round, cementing its position as one of India's leading B2B SaaS companies.

Backed Kim, an AI customer support platform that combines AI with human oversight.

Published a thesis on the investment opportunity in Managed Service Provider roll-up strategies.

Sayantan Sarkar and Swapnali Dalal published a detailed thesis on Physical AI data opportunity — arguing egocentric data collection for robotics is a $1.5B-$50B opportunity over 2-3 years, and India is the natural starting point.

Published a thesis essay on the data challenges facing physical AI and robotics.

ETEntrepreneur feature interview with Alok Goyal and Naman Lahoty covering Stellaris' contrarian strategy, discipline during the 2021 boom (only 7 bets vs peers' 30-50), and focus on India.

Led Arrowhead's $3M seed round; Arrowhead builds Voice AI for India's BFSI sector.

Participated in Pibit.AI's $7M Series A; the company modernizes insurance underwriting workflows using AI.

Vardhan Dharnidharka, a former AI/ML engineering leader based in New York, joined as Investment Principal and relocated to Bengaluru.

Naman Lahoty, a two-time entrepreneur and Principal since 2019, was promoted to Partner alongside the Fund III close.

Closed third fund of $300M to back early-stage founders in India building for Indian and global markets, bringing total AUM to over $600M.