Steptrade Capital announces first close of Rs 1,000 Cr SRF-II

Steptrade Capital has announced the first close of its third Alternative Investment Fund (AIF), Steptrade Revolution Fund-II (SRF-II), with a total deployment target of Rs 1,000 crore. 

The fund will invest in India’s listed and unlisted small and microcap businesses.

SRF-II follows the Chanakya Opportunities Fund and Steptrade Revolution Fund-I, continuing Steptrade’s focus on the small and microcap segment. The fund will invest in sectors such as renewables, defence, waste management, and infrastructure.

“This early close shows that investors believe in our strategy. Our focus is clear – bottom-up research, strong sector depth, and disciplined capital allocation in businesses that matter to India’s real economy,” said CA Kresha Gupta, Director and Fund Manager at Steptrade Capital.

Steptrade operates across all SEBI-regulated investment formats—AIF Categories I, II, and III, Portfolio Management Services (PMS), and Foreign Portfolio Investment (FPI).

It works with domestic and international investors to deploy capital into Indian SMEs through research-led investing and structured deal-making.