The first closing of the second alternative investment fund (AIF) at INR 68 Cr ($8.2 Mn) was announced by asset management company Rockstud Capital.
Rockstud Capital Investment Fund II seeks to assist businesses in funding bridging rounds, scaling their products, and obtaining financing from institutional investors. Its goal corpus is INR 300 Cr ($36 Mn), as reported by Inc42.
Read also – [Funding alert] Construction Tech Platform Bandhoo Raises Pre-Series A Round Funding
The premise of the Rockstud Capital startup portfolio is to assist early-stage companies by providing funding at the Pre-A stage and utilising a co-investment strategy.
The fund concentrates on the following sectors: consumer, health and safety, digitalization, long-term viability and economic inclusion. It makes pre-Series A round investments in firms totaling between $0.5 and $1 million.
In March 2023, the business opened its second fund, worth INR 300 Cr ($36 Mn), to support entrepreneurs in the pre-Series A and Series A stages.
Read also – [Funding alert] SaaS Startup Nurturev Secures $1 Mn Pre-seed Funding Led by Antler India
About Rockstud Capital
Founded in 2017 by Abhishek Agarwal, Rockstud Capital is a leading alternative asset manager advising and managing funds across our SEBI registered schemes including CAT-II Venture Capital Hybrid AIF fund, CAT I – AIF Angel Fund and Portfolio management services (PMS).
