Alternative asset management firm Rockstud Capital has announced the launch of Rockstud Capital Investment Fund – II, a Category I AIF (Angel Fund) of Rs 300 crore ($36.4 million) to back pre-Series A and Series A stage startups.
With this new fund, the firm intends to invest between Rs 1 crore and Rs 10 crore in 25 startups with a focus on digitalisation, sustainability, financial inclusion, consumption, and health and safety.
The newly-launched fund will be managed by a team of experienced professionals with a deep understanding of the alternative investment landscape, the firm said.
“As India moves towards becoming a $5 trillion economy, we feel this is an opportune time to enter the space, especially when companies are finding it difficult to raise capital amidst the funding winter,” said Abhishek Agarwal, Founder and Managing Partner of Rockstud Capital.
“The fund will focus on partnering and identifying early-stage growth companies through a well-defined process and deep network to foster partnerships with founders building scalable businesses with a clear focus on profitability,” Abhishek added.
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