All In Capital Launches Rs 200 Cr Fund to Back Indian Start-ups in Fintech, Deeptech & Consumer Tech

Nearly three years after closing its first fund, early‑stage venture capital firm All In Capital has announced the launch of its second fund with a target corpus of ₹200 crore.

Founded by former UpGrad executive Kushal Bhagia, the fund has a total capacity of ₹300 crore, with an additional ₹100 crore available through a greenshoe option.

The firm has already secured investments from prominent family offices in India and abroad for Fund‑II, achieving its first closing at ₹100 crore. All In Capital has previously backed startups such as PierSight Space, MasterChow and Wint Wealth.

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Fund’s Focus

All In Capital's second fund primarily focuses on consumer brands, fintech, deeptech and consumer technology. Companies that have already received investments from Fund II include Taakat, a mass‑market FMCG brand; MedMitra, an AI co‑pilot for physicians; Spill Games, a mobile gaming studio; Krrvy, a shapewear and lingerie brand for modern Indian women; and Mixar, an AI startup specialising in 3D modelling and animation.

The firm's first fund, launched in 2022 with a total corpus of $11 million (approximately ₹95 crore), supported up to 51 entrepreneurs. While most of the fund has been deployed, some capital remains reserved for follow‑on investments.

“Across my 13‑year career as an entrepreneur, operator and investor in India, I have never been more bullish. The India story is just taking off—brilliant young Indians are choosing to stay back, raise capital and build products and companies that are poised to impact millions. I consider it the privilege of my life that so many of them choose us as their first backers,” said Bhagia.

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Firm’s Portfolio

All In Capital's first fund deployed $11 million, backing 51 startups, with over half securing follow‑on funding. Its portfolio includes early investments in companies such as PierSight Space, NewMe, Magma, Vaaree and MeetRecord.

With Fund‑II, the firm plans to invest in 50 more businesses over the next three years, issuing initial checks of up to ₹5 crore and providing follow‑on investments to select high‑performing startups.

Aditya Singh, Co‑founder of All In Capital added, “All In Capital was built on the belief that the boldest companies of tomorrow are being forged today. The pre‑seed stage is where the real risk—and real opportunity—exists, and we are here to back visionary founders with deep conviction, offering not just capital but hands‑on support, mentorship and a network that accelerates their journey.”