Early-stage venture capital firm Capital-A is hitting headlines once again. After successful launching of the first fund, it is set to launch the next in the series to boost the growth of startups in emerging sectors such as cleantech, fintech and deeptech. The fund is referred as “Fund 2” and reveals a strategic move of the company in delving into sectors that are vital to the future of India.
Ankit Kedia, Founder and Lead Investor at Capital-A, said that the Fund 2 will continue to focus on climate tech, fintech and deeptech. It reflects commitment of the company to such fast-growing sectors. He also added that they have plans of expanding investment reach into manufacturing and space technology too. Drone tech is one of the sectors to cover as the recent policy changes are favorable and they can take advantage of it.
The recent policy changes are attractive for both investors and entrepreneurs. Kedia said that there are ample opportunities in the space for startups as well as for established players. It will definitely boost the standing of India in the global space tech arena.
The journey of Capital-A started in 2021 with a fund of ₹250 crore called Fund 1 and it supported a range of innovative ventures. However, the resources are almost exhausted now and the company is preparing the launch of Fund 2 in the coming months. It is learned that the new fund is to focus on the continuous of existing momentum. The fund is to target the same sectors but the size of the investments would increase.
One of the most promising areas for the new fund is climate tech as the sector is gaining attention in the country. Significant advancements in climate technology, deeptech, artificial intelligence (AI) and manufacturing are on the card. Capital-A is seeking to position itself at the forefront of the advancements.
