Rockstud Capital achieves the first close of second WIFE after raising Rs 68 crore

Mumbai-based venture capital firm Rockstud Capital has raised $8.2 million for its second alternative investment fund, Rockstud Capital Investment Fund II, marking a significant step in supporting pre-Series A and Series A-stage startups. 

The fund is particularly focused on sectors critical for India's growth, including digitalization, sustainability, financial inclusion, health & safety, and consumption.

With a total target of $36 million, the fund aims to invest between $500,000 and $1 million in promising ventures.

From hybrid to focused investment strategy

The Mumbai-based micro venture capital firm has evolved from its initial hybrid investment strategy, which included investments in both startups and publicly listed companies.

The latest fund, a category-I AIF, is set to operate more akin to an angel network, facilitating bridge rounds for companies and offering limited partners (LPs) the option to invest on a deal-by-deal basis. This strategic shift reflects Rockstud's adaptation to market needs and its dedication to fostering scalable businesses from the ground up.

Overcoming challenges and setting new goals

Despite facing fundraising challenges during the COVID-19 pandemic, Rockstud Capital has rebounded with its second fund, aiming to invest in approximately 25 early-stage startups.

The resilience and forward-looking approach underscore the firm's commitment to leveraging the potential of India's youth and innovative ideas, aiming to transform them into scalable businesses that address pressing societal challenges.

Rockstud Capital portfolio companies 

Rockstud Capital's track record of successful investments, including a partial exit from Uber-backed Everest Fleet at a significant valuation. The firm's diverse portfolio features companies like BigHaat, Instoried, and NOTO, Fabheads, Knirsh, and Smartvizx, among others. 

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