Bengaluru, 16th October 2024: Capital-A, a Venture Capital fund for seed to early-stage start-ups, announced the elevation of its VP of Investments, Aswani Chaitanya, to the role of Partner. This strategic move is part of the firm’s broader efforts to expand its influence across high-potential sectors such as manufacturing, deeptech, climate, and fintech.
As Partner, Aswani will work closely with Ankit Kedia, Capital-A’s founder, to develop investment strategies, lead fundraising initiatives, and enhance portfolio management. His significant contributions to the success of Capital-A’s Fund I, which supported high-impact start-ups like Chargeup, Tan90, Bambrew, Jiraaf, and Leumas, demonstrate his extensive expertise and proven track record in driving venture success.
In 2024, Capital-A launched Fund II with a targeted corpus of INR 400 crore, planning to invest in 17-20 innovative companies. The fund will provide initial investments of $750K to $1 million, with a total commitment of up to $3 million per start-up. This initiative reflects Capital-A’s commitment to fostering sustainable innovation and supporting enterprises that are set to redefine their industries.
Ankit Kedia, Founder and Lead Investor of Capital-A, commented, “With Fund II deploying capital, Aswani’s promotion strengthens Capital-A’s strategic growth. His expertise aligns with our focus on high-impact sectors, ensuring financial success while driving transformative change and creating lasting value for society and the environment.”
Aswani Chaitanya, newly appointed Partner at Capital-A, stated: “I am excited to assume this role at Capital-A. 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 start-ups we support.”
Aswani brings over 15 years of corporate experience to his new role, having held positions at esteemed organisations including Wipro, Deutsche Bank, and Goldman Sachs. His entrepreneurial journey began with a D2C brand, Timios, a healthy snack brand for children, which he scaled and divested to FirstCry in 2021 before transitioning to Capital-A.