Rockstud Capital Launches Rs 300 Crore Angel Fund for Startups
- ByStartupStory | March 14, 2023
Rockstud Capital, an asset management company, has announced the launch of its second fund, the Rockstud Capital Investment Fund II, with a size of Rs 300 crore ($36.4 million). This fund will focus on providing support to pre-Series A and Series A stage startups. Rockstud Capital Investment Fund II has received approval from the Securities and Exchange Board of India (SEBI) to operate as a Category I Alternative Investment Fund – Angel Fund (Cat-I AIF – Angel Fund).
The Rockstud Capital Investment Fund II has announced plans to invest in 25 startups that focus on digitalization, sustainability, financial inclusion, consumption, health, and safety. The fund will provide capital ranging from Rs 1 crore to Rs 10 crore to these startups.
Rockstud Capital’s newly launched fund, the Rockstud Capital Investment Fund II, will invest in 25 startups that focus on digitalization, sustainability, financial inclusion, consumption, and health and safety, with investment amounts ranging from Rs 1 crore to Rs 10 crore. The fund’s investment strategy will be based on a consumption theme aimed at the youth. It may use a co-investment model to provide growth capital to startups to enable them to expand and raise a Series A round.
According to Abhishek Agarwal, Founder and Managing Partner of Rockstud Capital, the launch of the Rockstud Capital Investment Fund II is well-timed as India moves towards becoming a $5 trillion economy, particularly since many companies are struggling to secure funding during the funding winter.
The fund aims to identify and partner with early-stage growth companies through a defined process and a strong network to support founders in developing scalable businesses that prioritize profitability. The fund’s management will be handled by experienced professionals with extensive knowledge of the alternative investment sector, according to Rockstud Capital.
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