Early-stage venture capital firm Capital A, which has backed startups like Chargeup, Bambrew and Jiraaf, has elevated its vice president of investments Aswani Chaitanya to a partner.
This comes on the back of the VC’s efforts to expand its influence across high-potential sectors such as manufacturing, deeptech, climate tech and fintech, it said in a statement.
In his new role, Aswani will work closely with Ankit Kedia, founder and lead investor at Capital A. Responsibilities will include developing investment strategies, leading fundraising initiatives, and enhancing portfolio management.
“My focus will be on driving value for our portfolio companies as they scale, and I look forward to collaborating with the team to advance the success of both Capital A and the innovative startups we support,” Chaitanya said.
Chaitanya began his entrepreneurial journey with D2C brand Timios, a healthy snack brand for children, which he scaled and divested to FirstCry in 2021 before joining Capital A.
In his 15-year-long career, Chaitanya has held positions at several renewed companies including the likes of Wipro, Deutsche Bank and Goldman Sachs.
The development comes days after Capital A (about $48 Mn). The company plans to invest in 17 to 20 startups and dish out cheques in the range of $2 Mn to $3 Mn over each startup’s lifecycle.
The fund will target startups across sectors such as manufacturing, deeptech, climate tech, and fintech.
Set to close by the end of 2025, Capital A’s second fund will be backed by family offices, industry leaders, high-net-worth individuals (HNIs), and other investors. Many of the firm’s original backers from Fund I are expected to return as well.
Founded in 2021 by Kedia, Capital A backs early stage startups across fintech, cleantech and other emerging sectors. It has invested in 20 startups since its inception such as Leumas BharatSure, Riskcovry, and Tan90.
The post appeared first on .
You may also like
Army on ground, Islamabad under lockdown: Pakistan ups security for high-profile SCO Summit
Only people with the sharpest vision can spot all 5 pumpkins in less than 30 seconds
Mohamed Salah fitness results and Liverpool comitments have sent Arne Slot message
Schools shut down in Bengaluru as IMD issues a yellow alert for heavy rains
Six injured in two firing incidents in Punjab panchayat polls
Man City facing pivotal month as five potential Pep Guardiola successors assessed
Political violence a 'no-go area', says CEC in backdrop of Baba Siddique killing
Kylie Minogue makes huge announcement as fans all say same thing
Max Verstappen shows his class as engineers can't believe their eyes
Dharmendra Pradhan announces 3 'Centres of Excellence' in AI for healthcare, agriculture, and sustainable cities
Bishnoi gang linked to Indian 'agents' targeting 'Khalistani elements': Canadian police
Oil prices plunge 4% as Iran supply disruption concerns ease
Delhi water supply cut: No water for 18 hours on Wednesday; Check timings and affected areas
Mumbai's BEST Buses In New Avatar! Get Ready To 'Hop On-Hop Off' This Surprise: WATCH
I went to 'spooky tourist trap' UK village where a witch 'rose from the dead'
Israel 'planning blitz on Iran military sites' in response for missile attack
Musk reacts to Ambani lobbying, calls any India move to auction satellite spectrum 'unprecedented'
'Game on': Kerala gets ready for 3 by-elections, Priyanka Gandhi prepares for poll debut
Death In Paradise fan favourites 'return' in BBC special as new project announced
Sir Alex Ferguson's three key decisions since retirement that blew up in Man Utd's face