Capital A Unveils Second Fund with Rs 400 Crore Corpus
Mumbai, June 22, 2023 – Capital A, a venture capital firm known for cultivating innovative startups, has announced the launch of its second fund with a target corpus of โน400 crore. Building on the success of its first fund, which supported a range of forward-thinking ventures, Fund II will specifically focus on investing in sectors such as manufacturing, deeptech, climate, and fintech startups.
Strategic Partnerships and Operational Expertise
The company said that its Fund I has made significant strides in supporting and scaling impactful startups, including Chargeup, Bambrew, Jiraaf Leumas BharatSure, and Entuple. Capital A aims to replicate this success with its new fund by providing investors with strategic partnerships and financial backing. This is expected to stimulate innovation and deliver sustained growth across its portfolio companies.
Key Investment and Ecosystem Development Plans
Capital A plans to identify and invest in 17-20 startups, offering cheques ranging from $750,000 to $1 million as the initial investment. The firm aims to have an operational and immersive role with its portfolio companies, providing both tactical and long-term value.
Capital A states that its investor base will be primarily domestic, comprising family offices, industry leaders, high net worth individuals, and like-minded Limited Partners from its previous funds.
Final Close by End of 2025
The firm is looking to finalize the fund within two years and will achieve its goal by the end of 2025. As part of its hedged strategy for survival and operational advancements, Capital A emphasizes the importance of combining strong business models and leadership.
By contributing directly to the broader ecosystem and fostering innovation in key sectors, Capital A looks forward to creating successful growth stories not just for its portfolio companies but for the entire startup ecosystem as well.
