– The Category I Alternative Investment Fund – Angel Fund has set its sights on investing in startups at the pre-Series A to Series A stage.
Tuesday, 14th March 2023: Rockstud Capital, a top-tier alternative asset management firm, has recently unveiled the Rockstud Capital Investment Fund – II, a Category I AIF (Angel Fund) which will focus on investing in pre-Series A to Series A stage startups. The Fund, which aims to raise INR 300 crores, has already secured its SEBI license in the previous month.
With a youth-focused consumption theme, the Rockstud Capital Investment Fund – II (RCIF-II) will invest in 25 startups across various opportunities, primarily focusing on digitalization, sustainability, financial inclusion, consumption, and health & safety. The Fund may lead and follow a co-investment model, providing growth capital to startups to help them develop their initial product-market fit and facilitate scaling and fundraising for their Series A round. The ticket size for investment will range from INR 1 crores to INR 10 crores.
Unlike a blind pool structure, the Fund is designed to follow a deal-by-deal structure and offer flexibility in ticket size for both current and follow-on rounds. Investors will have the opportunity to co-invest with experienced investment managers in a diversified portfolio that spans various sectors. The Fund will be managed by a team of skilled professionals with extensive knowledge of the alternative investment landscape. The team has a proven track record of success and has collaborated since the Fund’s inception, committed to delivering outstanding returns for investors while maintaining consistency in investment philosophy and patterns.
Commenting on the development, Abhishek Agarwal, Founder and Managing Partner of Rockstud Capital, said, “This Fund is a natural extension of our endeavour to offer the best one-stop alternative investments solution. As India moves towards becoming a $5 trillion economy, we feel this is an opportune time to enter the space, especially when companies are finding it difficult to raise capital amidst the funding winter. The Fund will focus on partnering and identifying early-stage growth companies through a well-defined process and deep network to foster partnerships with founders building scalable businesses with a clear focus on profitability. We are committed to providing investors with access to the best alternative investments available.”