September 20, 2024: Capital A announced the launch of its second venture fund, with a corpus of Rs 400 crore. The fund aims to invest in 17-20 manufacturing, deeptech, climate and fintech startups.
The Venture Capital firm aims to invest $2 million to $3 million over the lifecycle of these startup. The initial investment will vary from $750,000 to $1 million.
The VC firm plans to make the final closure of the fund by the end of 2025. The investor portfolio for Fund II will be predominantly domestic, with backing from family offices, high net-worth individuals, like-minded limited partners, and returning partners like Manjushree ventures, said the firm in a statement.
Capital A to focus on investment in Climate, Deeptech and Fintech Startup Lifecycle
Ankit Kedia, Founder and Lead Investor, Capital A said “Many high-potential sectors, especially manufacturing businesses, are highly undervalued assets, with great potential to scale quickly and become an important contributor in the startup ecosystem. Other areas of interest include sectors like climate, deeptech and fintech which continue to be a thesis from our previous fund.”
Kedia added ” Fund II will focus on long-term value creation in these segments.” Founded in 2021 by Kedia, Capital A has investments in more than 20 startups, including Jiraaf, Rooter, Bambrew, Riskcovry, and Tan90.
The venture fund claims to be THE startup for startups, a venture fund for seed to early stage meaningful startups.
