All in Capital launches second fund, targets Rs 200 crore

All in Capital, a venture capital firm founded by Kushal Bhagia and Aditya Singh, has launched its second fund. The firm aims to raise Rs 200 crore and has already secured Rs 85 crore in its first close. Investors include Indian tech founders and family offices, as well as some international institutional funds. The firm's first fund, which launched in 2022 with a total of $11 million, is nearly fully deployed and has invested in 51 startups. Some successful companies backed by All in Capital include Giva and Newme. The new fund plans to invest in 50 startups over the next three years, with each investment averaging up to Rs 5 crore. All in Capital focuses on various sectors, including consumer internet, artificial intelligence, and fintech. Bhagia mentioned that they may invest in seven to nine companies in the next six months and around 15 within a year. He noted the shift in the venture capital landscape, where many seed funds have become larger and less likely to invest in early-stage businesses. This change allows All in Capital to become a preferred partner for startups seeking initial funding. The confidence from their previous investors has made fundraising for the new fund easier.