Rockstud Capital Launches 2nd AIF, To Invest in Startups at Pre-Series A to Series A Stage

Rockstud Capital launches Second Alternative Investment Fund
  • Cat-I Alternative Investment Fund – Angel Fund aims to invest in Start-ups at Pre-Series A to Series A stage
  • Rockstud Capital has received SEBI approval for its AIF Category I Angel Fund
  • The Fund will have a target size of INR 300 crs
  • The new Fund, which has a sector-agnostic approach, is targeting its first close by June 2023
Rockstud Capital, a leading alternative asset management firm, announced the launch of Rockstud Capital Investment Fund – II, a Category I AIF (Angel Fund) that will invest in Startups at the Pre-Series A to Series A stage.

The target size of the Fund is INR 300 crs. The Fund has already received the license from SEBI last month.

Rockstud Capital Investment Fund – II (RCIF-II) will follow an investment thesis around youth-focused consumption theme. The Fund may lead and further follow a co-investment model to provide growth capital to startups to build on their initial product-market fit and be able to scale and raise Series A round.

The Fund will predominantly invest in 25 Startups across the spectrum of opportunities focusing on digitalization, sustainability, financial inclusion, consumption, and health & safety with ticket size ranging from INR 1 crs to INR 10 crs.

The Fund is designed to follow a deal-by-deal structure instead of a blind pool structure and offers flexibility in ticket size in current and follow-on rounds. It provides an opportunity to co-invest with a seasoned investment manager in a diversified portfolio spread across sectors.

The Fund will be managed by a team of experienced professionals with a deep understanding of the alternative investment landscape. The team has a proven track record of success, has worked and collaborated together since its inception, and is committed to delivering superior returns for investors and ensuring continuity in investment patterns and philosophy. 

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.

About Rockstud Capital

Founded in 2017, Rockstud Capital is a leading alternative asset management firm focused on India domiciled opportunities through its SEBI regulated products. It launched its first Fund in 2018, called Rockstud Capital Investment Fund – Series I, which had a unique hybrid strategy of investing in Startups at the Pre-series A stage and in listed equities traded on NSE in India. It invested in 10 startups from the first Fund. Some of the portfolio companies include Everest Fleet, BigHaat, Instoried, Smartvizx, Fabheads, NOTO among others. 8 out of 1 startups from the first Fund have already gone on to raise f/on round of funding.


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