Rockstud Capital, an alternative asset management firm, has 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 stages.
The target size of the fund is Rs 300 crores. The fund has already received the license from SEBI last month.
Through its new fund, Rockstud will invest in up to 25 startups focusing on digitalization, sustainability, financial inclusion, consumption, and health and safety with ticket sizes ranging from Rs 1 crore to Rs 10 crore.
The fund will be managed by a team of experienced professionals with a deep understanding of the alternative investment landscape, Rockstud said in a press release.
The fund may also 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 a Series A round.