Ankit Kedia
Founder And Lead Investor
Founder-led investing and operating support; former Manjushree Technopack promoter-director.
LinkedIn profile ↗India / Direct investor
Early capital for the industrial economy.
India-focused manufacturing, deep tech and climate investing, with the full published portfolio kept in view.
Connect NowCurrent cheque rangeINR 5-12 crore
Fund II first closeINR 160 crore
Published companies34
Entry stageSeed / Pre-Series A
01 / The fund
Manufacturing conviction, with fundraising figures kept distinct
Capital-A backs early-stage Indian manufacturing, deep-tech and climate companies, including hardware and other businesses that need patient capital. Its current site gives a cheque range of INR 5-12 crore, approximately $0.5M-$1.5M, and prefers being the first institutional investor while remaining open to co-leading or co-investing. The team brings founder and industrial operating experience alongside investment work.
April 2026 reporting records a Fund II first close of INR 160 crore against an INR 300 crore base target plus an INR 100 crore greenshoe. The current manager site describes a $50M Fund II now deploying. These are different statements, not evidence that a $50M final close has occurred. VCCircle separately reports 50% commitments against the INR 400 crore target; commitments are not silently converted into a larger closed amount.
The current site lists Category II AIF registration IN/AIF2/24-25/1686. The published portfolio spans Fund I and Fund II and also retains older software, financial-services and consumer investments. Earlier fund size, deployed capital and the present cheque range are not interchangeable. Vehicle labels below follow the manager except where specific conflicting reporting is disclosed.
Current official mandate ↗ · April 2026 first-close coverage ↗02 / Portfolio
Explore by sector
All 34 unique company-detail links on the current official portfolio, checked against each company’s own site where available. Repeated category appearances and Credit Fair are deduplicated. LeRemitt is kept within its renamed company Axodian, not counted again. This is the manager’s published universe, not a claim that every company is deep tech or remains an active holding.
Powertrains, vehicles, robot factories and precision motion are Physical AI. Satellite propulsion and flight-critical aerospace components are Space Tech. Battery engineering, thermal materials, solar heat, biopolymers and clean-hydrogen processes are Energy & Materials. Cognitive-health assessments are BioTech. Software-only AI, finance, insurance, logistics, services and consumer products remain in Others.
Energy & Materials 6
Areca-palm-leaf plates and dinnerware made from naturally fallen leaves, with in-house manufacturing for export and domestic customers.
Holding source ↗
Biopolymer and plant-fibre packaging materials, including compostable films and mailers made with its Biophil material platform.
Holding source ↗
Phase-change materials and thermal packs that absorb heat as they melt, keeping food and pharmaceutical shipments within controlled temperatures.
Holding source ↗
Physics-plus-machine-learning battery models and predictive analytics for engineering, safety, performance and battery-life optimisation.
Holding source ↗
Air-based inflatable solar concentrators delivering industrial steam and hot water, replacing heavy conventional collector structures.
Holding source ↗
Microwave- and plasma-engineered clean hydrogen, nanocarbon materials and industrial process systems.
Vehicle conflict: manager detail labels Fund I; April 2026 VCCircle coverage names this company under Fund II. Allocation is not independently settled.
Holding source ↗Physical AI 5
Electric powertrains, traction motors, controllers and high-speed chargers built around power electronics, electromagnetics and embedded systems.
Holding source ↗
Modular robot factories and on-demand manufacturing for pharma and wellness products, from development through commercial production.
Holding source ↗
Utility electric two-wheelers with modular cargo and shop-on-wheels uses for delivery workers and micro-businesses.
Holding source ↗
Electric vehicle powertrains, battery systems, fleet management and autonomous-mobility technology, developed by former ISRO engineers.
Holding source ↗
Precision linear motors, actuators and motion systems designed and manufactured in India for robotics, machines and industrial applications.
Holding source ↗BioTech 1
Neuroscience-based cognitive assessments measuring memory, attention, executive function, sleep and brain fog for clinical, research and individual use.
Holding source ↗Space Tech 2
Green satellite propulsion and thrusters using proprietary non-toxic propellant, for orbital manoeuvres, collision avoidance and controlled de-orbiting.
Holding source ↗
Flight-critical probes, vibration-isolation systems and aerospace components using advanced engineering, additive manufacturing and precision machining.
Vehicle conflict: manager detail labels Fund I; April 2026 VCCircle coverage names this company under Fund II. Allocation is not independently settled.
Holding source ↗Others 20
Digital manufacturing platform for custom-engineered parts across machining, casting, moulding, sheet metal and forging, managing sourcing, quality and delivery.
Current root site used; the manager-linked /en-in/ page returned 404.
Holding source ↗
AI-led fashion trend forecasting and demand intelligence. The public destination currently shows a login-key screen; product scope is taken from the manager biography.
Public site is a login screen; description is manager-sourced.
Holding source ↗
Insurance distribution infrastructure: group benefits, embedded insurance APIs, white-label retail insurance and claims servicing for institutional partners.
Holding source ↗
Solar-financing platform offering rooftop-solar loans for households, MSMEs and housing societies. Financial distribution, not solar-hardware manufacturing.
Holding source ↗
Container-reuse and logistics software matching import containers with export bookings to reduce empty truck trips and depot movements.
Current company site used; the older manager-linked domain could not be loaded.
Holding source ↗
Mobile inspection and checklist software for stores and field operations, with evidence capture, scoring, corrective actions and reporting.
Holding source ↗
AI-led travel booking and automation platform for dynamic packages, lead management, personalisation and on-trip service.
Holding source ↗
Logistics software connecting transporters, SMEs and enterprises, with shipment visibility and manufacturing-supply-chain workflows.
Holding source ↗
EV-driver platform connecting vehicles and batteries with finance, service and resale. Its current public site presents an ecosystem platform, not a proprietary cell manufacturer.
Holding source ↗
Integrated cafeteria operations spanning dishwashing, reusable serviceware, kitchens, bottle reuse and events. Operational services, not a materials-technology claim.
Holding source ↗
Ayurveda-led consumer wellness products, drinks and supplements. Classified as a consumer brand rather than biotechnology.
Holding source ↗
Gaming livestreams, videos and creator content platform for viewers and gaming communities.
Holding source ↗
Online fixed-income investing platform for corporate bonds, fixed deposits and other securities. Investment products are not guaranteed returns.
Holding source ↗
Healthcare-financing platform with lending products for patients, hospitals and suppliers across the healthcare value chain.
Holding source ↗
Live sports streaming and grassroots broadcasting platform, showing local and international sporting events.
Holding source ↗
Digital short-term business-loan platform for sole proprietors and MSMEs. Classified as financial services, not deep-tech hardware.
Holding source ↗
Indian business-acquisition platform connecting founders, buyers and investors. The manager-linked Irish car marketplace is not this company.
Corrected destination using the matching founders on the Indian company site.
Holding source ↗
Global-trade software combining documentation, compliance and cross-border payouts. LeRemitt is its payments product and earlier brand, not an extra portfolio identity.
Formerly LeRemitt; counted once as Axodian.
Holding source ↗
Insurance-distribution technology for banks, lenders, brokers and digital platforms, with orchestration across insurance providers.
Holding source ↗
Agentic software tools for hardware teams: firmware, edge-AI perception pipelines and FPGA-design workflows. Software tooling is kept in Others rather than labeled robotics hardware.
Holding source ↗03 / Team & connect
Investment team
Aswani Chaitanya
Partner
Investment partner with technology and founder operating experience.
LinkedIn profile ↗
Six current investment contacts, with personal profiles checked. The manager’s older Raashi Gupta and Aditya Singh entries are excluded because their own experience records end in March and June 2026 respectively. Finance, marketing, administration and advisers without an evidenced current investing mandate are excluded.
Official pitch and contact route ↗04 / Fund network
Limited partners and named backers
Named Fund II participants from April 2026 first-close coverage, kept separate from the investment team. Names are not a complete LP register and no individual cheque amount is inferred. Employers identify people; they are not automatically the committing LP entity.
Chamaria Group ↗
Family office / industrial group
Named as a Fund II participant in April 2026 first-close coverage. No commitment amount disclosed.
Commitment source ↗Steel House Family Office ↗
Family office
Named in first-close coverage. A separate official identity or personal profile was not verified; no unrelated Steelhouse entity is substituted.
Commitment source ↗Avyay Jhunjhunwala / MP Family Office ↗
Named investor, Dubai
Business Standard identifies Avyay of MP Family Office as a Fund II participant. Kept together as one investor identity rather than double-counting ambiguous punctuation in other reports. Enzo confirms his founder identity.
Commitment source ↗Siddharth Bafna ↗
Partner, Lodha & Co.
Named individual Fund II participant. His firm biography verifies the identity; this does not imply Lodha & Co. itself committed capital.
Commitment source ↗
P. Srikar Reddy ↗
Executive Vice Chairman, Sonata Software
Named individual Fund II participant. Employer is shown for identification, not as the investing entity.
Commitment source ↗
Sekhar Boddu ↗
Technology executive; former Amazon director
Named individual Fund II participant. Current personal profile lists Vice President of Engineering at Coupang; Amazon is his historical affiliation, not an LP.
Commitment source ↗Sri Vijayalakshmi Agarbathi Works family office ↗
Family office
Named as a Fund II participant. Link identifies the underlying business; the exact investing legal entity and amount are not disclosed.
Commitment source ↗Manjushree Ventures Family Office ↗
Kedia family office
Named Fund II participant. Official history separately dates the family-office formation to 2019 and Capital-A launch to 2021.
Commitment source ↗Deven Bhandari ↗
B. U. Bhandari Motors Group
Named individual Fund II participant. Current personal profile verifies the business affiliation, not a commitment by his employer.
Commitment source ↗Anand Rathi Group ↗
Financial-services group
Named institutional-platform participant in Fund II first-close coverage. No specific investing vehicle or cheque is disclosed.
Commitment source ↗Ten named backer identities after grouping Avyay Jhunjhunwala with the reported MP Family Office affiliation. Steel House has no separately verified profile, so its link opens the naming source. Missing portraits are left blank rather than invented. Research checked 2 November 2026.