SUMMARY
- Capital A launched a Rs 400 cr fund targeting 17-20 startups in key sectors.
- Backed by prominent family offices and investors, the fund’s first closing is in 2025.
- Founder Ankit Kedia highlights manufacturing, deep tech, climate, and fintech as focus areas.
Capital A, a VC firm, has introduced its second fund, targeting Rs 400 crore to invest in startups across sectors like manufacturing, deep tech, climate, and fintech. The firm plans to back 17-20 companies, with total investments of $2-3 million per startup with an initial funding range from $750,000 to $1 million.
With support from family offices, prominent figures in the sector, wealthy individuals, limited partners and returning partners from earlier funds like Manjushree Ventures, Capital A predicted that the second round of investors will be predominantly domestic.
Ankit Kedia, the Managing Director of Manjushree Technopak, a well-known rigid plastic packaging manufacturer, founded the VC firm in 2021. The fund’s first closing is scheduled for the end of 2025. The term “rigid plastic packaging” describes containers constructed from hard, unyielding plastic that are intended to keep their predetermined shape and offer products structural support.
Ankit Kedia, Founder and Lead Investor at Capital A spoke during the fund’s opening and noted that a lot of high-potential industries, particularly manufacturing, have a lot of undervalued assets that can grow rapidly and play a significant role in the startup ecosystem. He added, “Other areas of interest include sectors like climate, deep tech, and fintech which continue to be a thesis from our previous fund.”
