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Rockstud Capital achieves the first close of second WIFE after raising Rs 68 crore

IndianStartupNews

IndianStartupNews · 1y ago

Rockstud Capital achieves the first close of second WIFE after raising Rs 68 crore

Mumbai-based venture capital firm Rockstud Capital has raised $8.2 million for its second alternative investment fund, focused on supporting pre-Series A and Series A-stage startups. The fund aims to invest in sectors critical for India's growth, such as digitalization, sustainability, financial inclusion, health & safety, and consumption. Rockstud Capital has transitioned to a focused investment strategy with this fund, operating more like an angel network to facilitate bridge rounds for companies. Despite fundraising challenges during the COVID-19 pandemic, Rockstud Capital remains dedicated to investing in early-stage startups and fostering scalable businesses.

Related News

Micro VC player Rockstud marks first close of second vehicle

VCCircle

VCCircle · 1y ago

Micro VC player Rockstud marks first close of second vehicle

Micro venture capital firm Rockstud Capital has announced the first close of its second fund at INR 68 crore ($8.2 million). The Mumbai-based firm is targeting to raise INR 300 crore ($36 million) for the 'Rockstud Capital Investment Fund - II'. The fund aims to operate like an angel network, focusing on bridge funding for startups. Rockstud Capital will evaluate startups and offer its limited partners (LPs) the option to invest on a deal-by-deal basis.

Rockstud Capital Marks First Close Of Second AIF At INR 68 Cr

Inc42 · 1y ago

Rockstud Capital Marks First Close Of Second AIF At INR 68 Cr

Rockstud Capital has announced the first close of its second alternative investment fund (AIF) at INR 68 Cr ($8.2 Mn). The fund, with a target corpus of INR 300 Cr ($36 Mn), aims to support pre-Series A and Series A-stage startups in sectors such as digitalization, sustainability, financial inclusion, health & safety, and consumption. Rockstud Capital's investment strategy involves investing between $0.5M and $1M in startups at the Pre-Series A stage. The firm previously launched its second fund in March 2023, and its portfolio includes companies like Everest Fleet, BigHaat, Instoried, Smartvizx, Fabheads, and NOTO.

Triton rolls out second VC fund, hits halfway mark at first close

VCCircle

VCCircle · 11m ago

Triton rolls out second VC fund, hits halfway mark at first close

Triton Investment Advisors, an early-stage venture capital firm in Mumbai, announced the first close of its second fund, raising Rs 120 crore, half of its Rs 240 crore ($28 million) target. The new fund, 5.5 times larger than its first 2015 fund, will focus on B2B tech and tech-enabled services. Triton plans to invest in 10-15 companies with Rs 15 crore per investment, targeting pre-Series A and Series A rounds.

Venture firm Promaft Partners announces inaugural Rs 1,000 crore fund

Economic Times

Economic Times · 1y ago

Venture firm Promaft Partners announces inaugural Rs 1,000 crore fund

Promaft Partners, a venture capital firm led by Raghav Bahl, former head of investments at Alibaba Group, is raising its first fund worth Rs 1,000 crore with a greenshoe option of Rs 200 crore. The firm, which aims to identify startups with strong product-market fit (PMF), plans to invest in 10 to 12 firms after they have achieved PMF. The fund has attracted capital from Indian family offices and founders of prominent companies like Paytm, Zomato, and PharmEasy. The first close of the fund is expected later this year.

Early-stage venture fund pi Ventures announces final closure of its second fund at $85M

IndianStartupNews

IndianStartupNews · 2y ago

Early-stage venture fund pi Ventures announces final closure of its second fund at $85M

Early-stage venture fund pi Ventures has announced the final close of its second fund with a total commitment of Rs 702 crore (or $85 million), closing above its base target of Rs 565 crore (or $68 million). The fund specializes in investing in deep technology startups and has garnered capital commitments from various institutional investors. This achievement is set to amplify Pi Ventures' support for innovative startups in the deep tech domain, fostering growth and advancement in the startup ecosystem.

Rockstud Capital announces partial exit from Uber-backed Everest Fleet

Economic Times

Economic Times · 2y ago

Rockstud Capital announces partial exit from Uber-backed Everest Fleet

Rockstud Capital has sold half of its stake in Mumbai-based fleet operator Everest Fleet for around Rs 20 crore. This comes after another investor, Artha Venture Fund, announced a partial exit from the Uber-backed company for $2 million. Rockstud Capital will continue to hold a stake in Everest Fleet, believing that Uber's investment to expand into the electric vehicle (EV) space in India will benefit the company. Everest Fleet recently secured $20 million in funding, with Siddharth Ladsariya, the founder and CEO, being the biggest shareholder. Rockstud Capital is also in talks to exit another portfolio company by the end of the fiscal year.

Alkemi hits first close of second VC fund, taps another institutional LP

VCCircle

VCCircle · 1y ago

Alkemi hits first close of second VC fund, taps another institutional LP

Alkemi Growth Capital, a healthcare-focused venture capital fund, recently announced the first close of its second fund and secured a new institutional limited partner. The New Delhi-based firm specializes in investing in the healthcare sector and has a focus on diagnostics-focused healthtech startups like Redcliffe Lifetech. Alkemi is currently in the process of raising capital for its second fund.

Ex-Amazon exec Deepankur Malhotra’s Kairon Capital marks first close of maiden consumer VC fund

IndianStartupNews

IndianStartupNews · 18d ago

Ex-Amazon exec Deepankur Malhotra’s Kairon Capital marks first close of maiden consumer VC fund

Deepankur Malhotra, a former Amazon executive, has launched Kairon Capital, a venture capital firm focused on consumer businesses, marking the first close of its maiden fund. The fund, aimed at raising Rs 150 crore with a Rs 50 crore greenshoe option, has attracted over 60% of its targeted corpus. It garnered support from consumer startup founders, family offices, and strategic investors. Kairon Capital will invest in early-stage consumer companies, prioritizing those with differentiated products and scalable models.

IIFL Fintech floats Rs 500 Cr Fund II

Entrackr

Entrackr · 14d ago

IIFL Fintech floats Rs 500 Cr Fund II

IIFL Group backed IIFL Fintech Fund has announced the final close of its second fund after raising Rs 500 crore from domestic family offices and high net worth individuals. The Series II fund targets early to growth stage fintech startups, with a focus on companies using generative artificial intelligence to build financial services products. The fund plans to invest in 20 to 25 startups across lending, payments, compliance, wealthtech, insurtech, and embedded finance. Around 20 to 25 percent of the second fund will be allocated for follow on investments in top performing companies from its first fund. IIFL Fintech had announced the first close of its second fund at Rs 200 crore in January 2025 and has already backed five startups through this. These include companies such as education focused fintech GrayQuest, voice AI startup Fundamento, banking infrastructure startup Knight Fintech, and a secondary share purchase in document infrastructure firm Leegality, among others. According to IIFL Fintech, it actively partners with fintech founders to help them validate, deploy, and scale their solutions within a large financial services ecosystem. The fund closed its first fund in 2022 after raising Rs 200 crore. IIFL Fintech Fund was set up in 2021 with the aim of investing in early stage fintechs that the IIFL Group could collaborate with. Over the last four years, the IIFL Fintech Fund has invested across multiple fintech segments. Its portfolio includes Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance, Castler, Vitra.ai, EasyRewardz, Multipl, Riskcovry, and TrustCheckr, which was sold to Truecaller.

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

VCCircle

VCCircle · 1y ago

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

Elev8 Venture Partners, the venture capital firm raising $200 million for its first fund, has announced a timeline for the final close of the fund. The firm, founded by a former Kae Capital partner, aims to raise Rs 834.4 crore for its maiden fund. Elev8 has South Korea's financial services firm Mirae Asset Global Investments as one of its backers.

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