VC fund CapFort Ventures has launched a Rs 200 crore India-focused tech fund for making investment in more than 40 startups in the next two years.
CapFort Ventures will focus on pre-Series A stage companies. CapFort Ventures will invest in startups with a valuation Rs 100 crore.
CapFort Ventures is spearheaded by industry leaders Abhimanyu Bisht, former CEO of Venture Catalysts, and Kavit Sutariya, founder of Hiraco Ventures and angel investor.
“The introduction of our Rs 200 crore India-focused tech fund is a milestone for CapFort Ventures. We are confident in our ability to identify ground-breaking tech startups and guide them towards growth,” said Abhimanyu Bisht, General Partner, CapFort Ventures.
CapFort Ventures, a Category II AIF fund, aims to invest in startups across key technology domains covering deeptech, cleantech, B2B tech, logistics, healthtech and other impact-oriented sectors.
The first close of the fund is expected to take place by the end of the year. The VC firm said a green shoe option of Rs 100 crore is also available, in case of additional interest is received from investors.
“By investing in high-potential technology startups, we aim to help disruptive entrepreneurs push the envelope of technological innovation which drives India’s next decade of growth,” Kavit Sutariya said.
Kavit Sutariya has made over 72 investments across various sectors and stages of startups. Some of his key investments are Wellness Forever, Reshamandi, Chqbook, Melorra, Karkinos, Ketto, Inc42, FarEye, Pidge, Posist, Zingbus and TrueMeds.
Abhimanyu Bisht has invested in startups like Zingbus, AdOnMo, Basic Home Loan, Sheru, Hesa, ANS Commerce, Ethereal Machines, InShorts and Vidooly.
