Pre-seed venture investor All in Capital launches second fund, aims to raise Rs 200 crore
Pre-seed venture fund All in Capital, which has backed startups such as Giva, Newme, PierSight Space, and Seekho, has launched its second fund with the target of raising Rs 200 crore, along with a greenshoe option for another Rs 100 crore.
The venture capital firm, founded by former Upgrad executive Kushal Bhagia with Aditya Singh, has already marked the first close of fund II at Rs 85 crore, securing investments from Indian tech founders, family offices, and a few institutional funds of funds across India and overseas. It plans to announce the final close by the end of this year.
Through this fund, the Bengaluru-based firm plans to invest in 50 startups over the next three years, with an average cheque size of up to Rs 5 crore.
“What has happened is a lot of the large generation of seed funds have become large funds that are more than $100 million in size. So, they have stopped doing small cheques when someone is just starting out,” Bhagia told ET. “At the pre-seed stage, we have become the partner of choice, leading rounds and helping founders get started with a half-million-dollar cheque.”
Although the fund is sector-agnostic, it is focusing on areas such as consumer internet, consumer brands, artificial intelligence, and deep tech. It will also explore opportunities in fintech, gaming, education, and other sectors.
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“I think in the next six months, we'll probably invest in seven to nine companies. In a year, we intend to invest in around 15 companies,” he said.
Through this fund, it has already
