Capital-A: A Bangalore Fund Built on Manufacturing Roots
Capital-A is a Bangalore-based early-stage venture capital fund founded by Ankit Kedia, formerly of Manjushree Technopack, South Asia's largest rigid packaging manufacturer. The firm invests in manufacturing, deep tech, and climate startups from seed onward, currently deploying from a $50 million second fund. Confirmed portfolio companies include Riskcovry and newer Fund II bets like Manastu Space and Agrileaf.
Overview
Capital-A is an early-stage venture capital fund based in Bangalore. Ankit Kedia founded the firm and serves as its lead investor. He previously led Manjushree Technopack, South Asia's largest rigid packaging manufacturer. The Kedia family divested that business to Advent International in 2018. Capital-A now backs founders building manufacturing, deep tech, and climate businesses. The firm's legal entity carries the name Manjushree United Capital Private Limited.
Investment Focus and Stage
Capital-A invests in seed to early-stage companies across India. It backs founders building advanced hardware and other patient-capital businesses. The firm combines a private-equity mindset with venture-style agility. It partners closely with founders through deep operational expertise and industry networks. Fund II plans to back fifteen to eighteen early-stage companies.
Fund Size and Portfolio
Capital-A is currently deploying from its $50 million second fund. That fund raised Rs 160 crore in its first close. The firm has made seven Fund II investments so far, including Manastu Space and Agrileaf. Riskcovry, an insurance infrastructure platform, counts among its earlier confirmed investments. The firm has backed 38 companies across its history, per third-party tracking.
Leadership
Ankit Kedia founded Capital-A and serves as its founder and lead investor. He built his operating background at Manjushree Technopack over several decades. His family partnered with global brands like Unilever, Nestle, and Coca-Cola along the way. That manufacturing experience now shapes how Capital-A evaluates industrial founders. Kedia continues to lead the firm's push into India's hardware economy.