Capital A Promotes Senior Executive Aswani Chaitanya To Partner

SUMMARY

The decision to promote Chaitanya to the role of partner is in line with the company’s efforts to expand its influence across fintech, manufacturing and deeptech sectors

In his new role, Chaitanya will work closely with Ankit Kedia, founder and lead investor at Capital A and work on investment strategies, fundraising initiatives and more

Chaitanya began his entrepreneurial journey with D2C brand Timios, a healthy snack brand for children, which he scaled and divested to FirstCry in 2021

Early-stage venture capital firm Capital A, which has backed startups like Chargeup, Bambrew and Jiraaf, has elevated its vice president of investments Aswani Chaitanya to a partner.

This comes on the back of the VC’s efforts to expand its influence across high-potential sectors such as manufacturing, deeptech, climate tech and fintech, it said in a statement.

In his new role, Aswani will work closely with Ankit Kedia, founder and lead investor at Capital A. Responsibilities will include developing investment strategies, leading fundraising initiatives, and enhancing portfolio management.

“My focus will be on driving value for our portfolio companies as they scale, and I look forward to collaborating with the team to advance the success of both Capital A and the innovative startups we support,” Chaitanya said.

Chaitanya began his entrepreneurial journey with D2C brand Timios, a healthy snack brand for children, which he scaled and divested to FirstCry in 2021 before joining Capital A.

In his 15-year-long career, Chaitanya has held positions at several renewed companies including the likes of Wipro, Deutsche Bank and Goldman Sachs.

The development comes days after Capital A launched its Fund II with a target corpus of INR 400 Cr (about $48 Mn). The company plans to invest in 17 to 20 startups and dish out cheques in the range of $2 Mn to $3 Mn over each startup’s lifecycle.

The fund will target startups across sectors such as manufacturing, deeptech, climate tech, and fintech.

Set to close by the end of 2025, Capital A’s second fund will be backed by family offices, industry leaders, high-net-worth individuals (HNIs), and other investors. Many of the firm’s original backers from Fund I are expected to return as well.

Founded in 2021 by Kedia, Capital A backs early stage startups across fintech, cleantech and other emerging sectors. It has invested in 20 startups since its inception such as Leumas BharatSure, Riskcovry, and Tan90.