CapFort Ventures, a micro-VC fund, has announced the launch of a Rs 200 crore India-focused tech fund. The fund aims to invest in more than 40 startups over the next two years, with a focus on pre-Series A stage companies. The fund will look for startups with a valuation of Rs 100 crore and will be spearheaded by industry leaders Abhimanyu Bisht and Kavit Sutariya.
The fund’s objective is to identify groundbreaking tech startups and guide them towards sustainable growth. CapFort Ventures, a Category II AIF fund, plans to invest in startups across various technology domains, including deeptech, cleantech, B2B tech, logistics, healthtech, and other impact-oriented sectors.
The first close of the fund is expected to take place by the end of the year, with a green shoe option of Rs 100 crore available in case of additional interest from investors. By investing in high-potential technology startups, the fund aims to support disruptive entrepreneurs and drive technological innovation in India.
Kavit Sutariya, one of the leaders of the fund, has made over 72 investments across different sectors and stages of startups. Some of his notable investments include Wellness Forever, Reshamandi, Chqbook, Melorra, and TrueMeds. Abhimanyu Bisht, the other leader of the fund, has invested in startups such as Zingbus, AdOnMo, Basic Home Loan, Sheru, and Vidooly.
The launch of this tech fund is a strategic milestone for CapFort Ventures, as it aims to make a significant impact on the Indian startup ecosystem. With its focus on emerging technology sectors, the fund hopes to contribute to India’s growth in the coming years.
The fund’s investment strategy aligns with the current trends in the Indian startup ecosystem, where there is a growing interest in deeptech, cleantech, and healthtech startups. By targeting pre-Series A stage companies, CapFort Ventures aims to provide capital and guidance to startups at a crucial stage of their journey.
CapFort Ventures’ foray into the Indian startup ecosystem comes at a time when there is increased investor interest in the country’s burgeoning tech sector. As India continues to be a hotbed for innovation and entrepreneurship, the fund’s investment in more than 40 startups will further fuel the growth and development of the ecosystem.
With its experienced leadership team and strategic approach, CapFort Ventures is poised to make a significant impact on the Indian startup landscape. The fund’s focus on sustainability and its investment across key technology domains is expected to attract the attention of investors and the startup community alike.
Overall, CapFort Ventures’ launch of a Rs 200 crore India-focused tech fund signifies the growing interest and opportunities in the Indian startup ecosystem. The fund’s commitment to driving technological innovation and supporting disruptive entrepreneurs sets the stage for a transformative impact on the Indian economy in the coming years.
