/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
Follow Us/indianstartupnews/media/media_files/unEJjzfuwFcbOXYfwPRB.png)
CapFort Ventures Logo
Micro venture capital firm CapFort Ventures today announced the launch of its tech fund worth Rs 200 crore with the aim to back over 40 startups in the next two years.
The new fund, named 'The Category II AIF fund' was led by Abhimanyu Bisht, former CEO of Venture Catalysts, and Kavit Sutariya, founder of Hiraco Ventures and a seasoned angel investor.
According to the statement, the fund's investment strategy will be centred on pre-Series A stage startups, with a focus on businesses whose valuations fall within the Rs 100 crore range in sectors, including health tech, deeptech, cleantech, B2B tech, and logistics.
The firm also said that it will make the first close of this fund by the end of this year. A green shoe option of Rs 100 crore has also been kept open to accommodate any additional interest from investors.
The team at CapFort expects the majority of the fund's capital to be raised domestically, with participation likely to come from institutional investors, family offices, and ultra-high net-worth individuals (HNIs).
"As the third-largest startup economy, India has demonstrated the potential to be a superpower in innovation and profitability. With the launch of our INR 200 crore tech-focused fund, we are excited to be part of this journey of skyrocketing growth and evolution. By investing in high-potential technology startups, we aim to help disruptive entrepreneurs push the envelope of technological innovation, which drives India's next decade of growth," said Kavit Sutariya, General Partner, CapFort Ventures.
"The introduction of our Rs 200 crore India-focused tech fund is a strategic milestone for CapFort Ventures. At CapFort, we are forward looking; our objective is to provide not only financial support but also invaluable guidance and mentorship to help entrepreneurs turn their vision into reality. We are confident in our ability to identify ground-breaking tech startups and guide them towards sustainable growth," said Abhimanyu Bisht, General Partner, CapFort Ventures.
Also Read: