Former upGrad executive Kushal Bhagia on Thursday announced launch of a $10 million venture capital fund, All In Capital, to back pre-seed and seed-stage founders from India.
"We typically invest $100,000-300,000 in Indian startups in the first round of funding. We then follow that up with doubling down on you through successive funding rounds,” Bhagia said.
He said that the fund is backed by some of India’s tech founders, global institutional investors, family offices and Silicon Valley-based technology executives.
He added it was co-founded with his partner Aditya Singh.
Most of our first investments are pre-product and almost all of them are pre-revenue," said Bhagia, who also ran FirstCheque, a pre-seed fund through which he backed over 100 startups in the first rounds.
He named Farid Ahsan (Co-Founder, Sharechat); Aprameya (Co-Founder Koo, TaxiForSure); Vidit and Sanjeev (Co-Founders of Meesho) and Deepak (Co-Founder of Mindtickle), among others, as members of the community of founders who will work with the VC fund.
“When I became a VC, for the first time, I realized that I really do care about this customer - i.e. the Indian founder, I finally found my calling as an investor while backing more than 100 early-stage Indian startups over the past three years,” Bhagia said in a blog on the website of the newly rolled out fund.
