Rockstud Capital Sets Up $36.4 Mn Angel Fund To Back 25 Indian Startups

Rockstud Capital Sets Up $36.4 Mn Angel Fund To Back 25 Indian Startups

SUMMARY

The INR 300 Cr ($36.4 Mn) fund will back pre-Series A and Series A stage Indian startups

The fund will invest between INR 1 Cr and INR 10 Cr in startups in the digitalisation, sustainability, financial inclusion, consumption, and health sectors

The fund will facilitate companies in building initial product-market fit, attaining scalability and raising Series A round

Asset management firm Rockstud Capital on Monday (March 14) launched an INR 300 Cr ($36.4 Mn) second fund (Rockstud Capital Investment Fund II) to back pre-Series A and Series A-stage startups. 

The angel fund will invest between INR 1 Cr and INR 10 Cr in 25 startups in the digitalisation, sustainability, financial inclusion, consumption, and health sectors. It will also offer a flexible ticket size in current and follow-on funding rounds.

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