All In Capital launches Rs 200 crore second fund, secures Rs 85 crore in first close

Venture capital firm All In Capital has announced the launch of its second fund with a target corpus of Rs 200 crore, along with an additional greenshoe option of Rs 100 crore.

This brings the total potential size of the new fund to Rs 300 crore. The firm has already secured Rs 85 crore from family offices in the first close of Fund II and expects to complete the final close later this year.

Focused on early-stage startups

All In Capital focuses on investing in early-stage startups, especially at the pre-seed level, and offers first cheque sizes ranging from Rs 2 crore to Rs 5 crore.

Co-founded by Aditya Singh and former UpGrad executive Kushal Bhagia, the firm plans to invest in about 50 companies over the next three years.

"Across my 13-year career as an entrepreneur, operator, and investor in India, I have never been more bullish. The India story is just taking off—brilliant young Indians are choosing to stay back, raise capital, and build products and companies that are poised to impact millions. I consider it the privilege of my life that so many of them chose us as their first backers," said Kushal Bhagia.

🚨All In on India🇮🇳 - All Over Again! 🚨

Hello World :-)

Today - I’m beyond excited to drop some big news: we’ve launched a $25M second fund at @All_IN_CAPITAL to be the first backer for India’s boldest founders.
We’ve already have $12M committed and have hit the ground… pic.twitter.com/VAzGbt52QQ

— Kushal Bhagia 🇮🇳 (@kushalbhagia) March 20, 2025

Sector-agnostic with key areas of interest

Although the firm calls itself sector-agnostic, it has identified consumer tech, deeptech, fintech, and consumer brands as particular areas of focus for the second fund. The first set of investments from Fund II has already gone into startups like Taakat, MedMitra, Spill Games, Krrvy, and Mixar.

"All In Capital was built on the belief that the boldest companies of tomorrow are being forged today. The pre-seed stage is where the real risk—and real opportunity—exists, and we're here to back visionary founders with deep conviction, offering not just capital but hands-on support, mentorship, and a network that accelerates their journey," said Aditya Singh.

Track record and community building

All In Capital's first fund, launched in 2022, deployed $11 million and backed 51 startups. Nearly half of those companies went on to raise follow-on funding.

The firm has built 'All Stars,' a proprietary founder-support platform designed to help portfolio startups scale efficiently. The platform offers access to an extensive investor and angel network, a founder community for peer learning, and an exclusive deal book that provides cost-saving benefits such as software credits and specialised service providers.