Capital A launches Rs 400 crore fund to back manufacturing, climate startups

Venture capital firm Capital A on Friday announced the launch of its second fund with a target corpus of Rs 400 crore to invest in manufacturing, deeptech, climate and fintech startups. The company said the fund is likely to invest in 17-20 companies with a deal size of $2-3 million over the startup’s lifecycle while the first cheque would range from $750K to $1 million.

Capital A said investors in the second would primarily be domestic with backing from family offices, industry leaders, high net-worth individuals, limited partners and returning partners from previous funds such as Manjushree Ventures.