Rockstud Capital launches $36.4 Mn Angel Fund
To support pre-Series A and Series A-stage startups, asset management company Rockstud Capital launched a second fund worth INR 300 Cr ($36.4 Mn).
In 25 startups in the digitalization, sustainability, financial inclusion, consumption, and health industries, the angel fund will invest between INR 1 Cr and INR 10 Cr. In addition, it will provide a flexible ticket size in the current and subsequent funding rounds, as per reported by Inc42.
Read also – [Funding alert] The Ayurveda Co Secures $12.2 mn in Series A round led by Sixth Sense Ventures
“As India moves towards becoming a $5 Tn economy, we feel this is an opportune time to enter the space, especially when companies are finding it difficult to raise 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,” the founder and managing partner of Rockstud Capital, Abhishek Agarwal, said.
Agarwal founded Rockstud Capital in 2017, an alternative asset management company specializing in Indian companies through SEBI-regulated products. Everest Fleet, BigHaat, Instoried, Smartvizx, Fabheads, and NOTO are a few of its portfolio companies.
Read also – Pocket HRMS and Fi Money Join Hands to Offer No Cost HRMS and Neo Banking Experience
About Rockstud Capital
Through its SEBI-regulated products, Rockstud Capital, a top asset management company, focuses on India Domiciled Opportunities. It has the expertise to identify early-stage growth companies through a well-defined process and deep network to foster partnerships. Their institutional network and skilled staff enable us to serve HNI and family office clients in India and around the world.
Read also – [Funding alert] Raaho Secures Rs 20 Cr in pre-series A extension round