India, April 27 -- VC firm Capital A has marked the first close of its Fund II at Rs.160 Cr (around $16.9 Mn) to back startups operating in the manufacturing, deeptech, climate tech, and fintech sector.

Manufacturing Focus Fund II, which was launched in 2024, has a total target corpus of Rs.300 Cr, with a greenshoe option to raise it up to Rs.400 Cr. 

The VC firm said it raised capital from a mix of family offices and HNIs, including Chamaria Group, Steel House Family Office, Avyay Jhunjhunwala (MP Family Office), Siddharth Bafna (Partner, Lodha & Co), among others. It also saw participation from domestic institutional platforms such as Anand Rathi Group.

The VC firm plans to invest in 17 to 20 startups with an average ticket size...