Fund News
A Square Capital to launch $40-M VC fund; targets healthcare, tech, consumer sectors
Delhi-based A Square Capital is preparing to launch its first early-stage fund of approximately USD 40 million. The firm has applied for a Category I Alternative Investment Fund (AIF) licence and has already secured commitments of around USD 20 million from its promoter and managing partner Chahat Agarwal. It is in talks with potential foreign limited partners for the remainder.The fund will be sector-agnostic but will place a strong emphasis on healthcare, technology, deep tech, artificial intelligence, fintech, and consumer brands. It plans to allocate about 80% of its corpus to technology startups. The remaining 20% is earmarked for consumer goods and tangible D2C (direct-to-consumer) brands.A Square Capital aims to make 10-15 investments per year, focusing on seed to Series A rounds in post-revenue companies, with cheque sizes ranging from INR 75 lakh to INR 1 crore per deal.
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