CapFort Ventures, a Micro-Venture Capital fund has announced the launch of a specialized INR 200 crore fund focused on the Indian technology landscape. The fund’s primary objective is to invest in over 40 startups operating in key technology domains such as deep tech, cleantech, B2B tech, logistics, healthtech, and other sectors with a strong impact orientation. The investment strategy will predominantly target companies in the pre-Series A stage, with valuations within the range of INR 100 crore.
“Our vision at CapFort is not only to offer financial backing but also to provide invaluable guidance and mentorship, enabling entrepreneurs to transform their visionary ideas into reality,” explained Abhimanyu Bisht, General Partner at CapFort Ventures, emphasizing the strategic significance of the fund’s introduction.
The pre-Series A focused fund will typically allocate deal sizes ranging from INR 2 crore to INR 6 crore, with an average investment size of INR 3 crore to INR 3.5 crore. To raise the necessary capital, CapFort aims to attract participation from institutional investors, family offices, and ultra high-net-worth individuals (HNIs). An interesting trend has emerged with significant interest coming from investors based in Tier II cities.
CapFort Ventures, led by Abhimanyu Bisht, former CEO of Venture Catalysts, boasts an impressive team. Joining Bisht as a General Partner is Kavit Sutariya, Founder of Hiraco Ventures, who has made over 72 investments across various sectors and stages of startups, as reported by Tracxn.
CapFort Ventures has invested in more than 200 Startups
Together, Bisht and Sutariya have collectively invested in more than 200 startups, with a notable focus on tech-based ventures. Some of their prominent investments include Zingbus, AdOnMo, Basic Home Loan, Sheru, Hesa, ANS Commerce, Ethereal Machines, InShorts, Vidooly, Wellness Forever, Reshamandi, Chqbook, Melorra, Karkinos, Ketto, Inc42, FarEye, Pidge, Posist, and TrueMeds.
Expressing their confidence in India’s potential, Kavit Sutariya, General Partner at CapFort Ventures, stated, “India, being the third-largest startup economy, has exhibited the capability to become a global force in terms of innovation and profitability. Through investments in high-potential technology startups, we aim to empower disruptive entrepreneurs to drive the next decade of India’s technological growth.”
The first close of the fund is expected to conclude by the end of this year. CapFort Ventures aspires to identify and support promising technology startups that can develop solutions for pressing challenges in India, while leveraging the country’s burgeoning startup ecosystem.
