Capital-Connect: April Edition
Its baking hot in Bangalore but some say the funding winter is still around! But the action in the VC world is hot, nonetheless! At Capital-A, we put our heads down and keep moving forward – irrespective of the seasons. We continue to believe that our thesis of investing in meaningful businesses will lead to outlier outcomes in the long run.We organised “Climathon” – India’s first 24hrs Climate focused pitch fest, and it was 10x bigger, better, and brighter in every aspect. Also, we upped our game by going in with all aces in the insurance sector with investments in both “Bharatsure” and “Risckovry” – a practice unheard of in the world of investing, but then again, we don’t play by the rules (except regulatory frameworks, of course!) We sometimes craft them ourselves :)
For those who cheer for us – thank you, we will continue to do good work and for those who don’t, give us time from your?calendar, we will change your mind!
Ankit Kedia | Founder & Lead Investor
Climathon, India’s only 24-hour Climate Pitchathon, once again showcased its commitment to driving progress in Climatetech Startups. Hosted annually by Capital-A in partnership with Java Capital, this flagship event provides a vital platform for Climatetech startups to pitch and secure funding.This year, Climathon witnessed the emergence of new sectors, including the Blue Economy, Grid Infrastructure, Water Treatment, Stationary Storage Solutions and Packaging Solutions, reflecting the growing diversity of climate innovation.With 450 startups registering and 36 pitching their ideas, Climathon continues to serve as a thriving hub for climate innovation. The event concluded with a mixer, facilitating networking opportunities for startup founders, investors, partners and the enablers of the ecosystem.
Capital A leads the $1 million funding round of Bharatsure. Read more on our conviction drivers for BharatSure
We're excited to announce our continued support for Bambrew with our participation in their INR 60 crore funding round! Read More
Credit Fair Joins Forces with Tata Power Solar to Drive Solar Project Financing
Credit Fair has announced its partnership with Tata Power Solar Systems Limited (TPSSL) in facilitating customer financing for solar projects in India. The partnership aims to further support the widespread adoption of solar energy in the country and solidifies Tata Power's position as the nation's most preferred and trusted green energy partner.??Click here
Exciting News from Bharatsure!
Our portfolio company, Bharatsure, recently hosted a workshop at the Institute of Actuaries of India. The focus? Tackling low health insurance penetration among India's growing platform gig workforce, which is projected to reach 23.5 million by 2030. We're proud to see strides being made in addressing critical challenges in the health insurance landscape. Click here to know more.
Rooter’s Partnership with 8Bit Creatives Partners
Rooter Collaborates with 8Bit Creatives, one of India's leading gaming influencer talent management agencies to elevate India’s gaming content landscape. Click here to read more.
Sheetal Jain, Co-Founder of LeRemitt, recognized as an Inspiring Woman Leader by The Economic Times Conclave
As a Co-Founder of LeRemitt, Sheetal has been instrumental in driving the company's success and establishing it as a key player in the industry. We extend our heartfelt congratulations to Sheetal Jain for this remarkable achievement. Read More
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Exciting Announcement: Japan Cricket Association Teams Up with SportVot for Seamless Streaming of Japan Cricket T10 League
InfinityBox: Recognized Among Top 15 Startups in India for Sustainability Innovation
We're thrilled to announce that InfinityBox has been selected as one of the top 15 startups in India by JLL India for their Sustainability Innovation Fair 2024! Read More
Exciting News: Oorja's CEO Vineet Dravid Speaks at US-India Energy Storage Analytics Webinar
We're thrilled to announce that Vineet Dravid, CEO and founder of our portfolio company Oorja, recently spoke at a webinar on Energy Storage Analytics. This event was a part of the prestigious US-India Strategic Clean Energy Partnership series, co-launched by the U.S. Department of Energy (DOE) and the India Energy Storage Alliance (IESA).?Read More
Chargeup Partners with Credit Fair & Ascend Capital
Chargeup, the EV platform offering Energy-as-a-Service (EaaS), has recently forged partnerships with Credit Fair and Ascend Capital, two prominent non-banking financial corporations (NBFCs). With these collaborations, the company endeavors to facilitate ?100 crore in quick and secured loans during FY25. Read More
Capital-A Wins The Best Early Stage PE/VC Fund at Entrepreneur Start-ups Awards
Being awarded as Early-Stage PE/VC Fund at the Entrepreneur Start-ups Awards 2024! This victory is a testament to our collective dedication and hard work, amidst stiff competition within India's vibrant VC landscape. Read More
Ankit Featured on Panel at Pidilite Ventures Event
Capital A’s Founder Ankit was part of the panel at the recent Pidilite Ventures event. Alongside other partners, he shared insights on the Traditional VC vs CVC - Founder's Dilemma. Read More
The Journey Podcast with Simarpreet Singh (TJWS)
Ankit shares insights into family business, entrepreneurship, investment funds, startups, and more with humility and wisdom in this interesting podcast.?Click here to listen to the podcast
?Insuring India's Digital Leap: Regulatory Updates Propelling Insurtech?Innovation
Public Infrastructure (DPI) has driven significant digitization and financial inclusion, insurance coverage remains low, with penetration at just 4.2% of GDP, lagging the global average of 7%. However, the Insurtech landscape is poised for growth, fuelled by factors such as rising incomes, improved financial literacy, and various insurance schemes like Aam Aadmi Bima Yojana and Ayushman Bharat Yojana. India's insurance sector faces a stark contrast: while Digital?IRDAI, the regulatory body, is actively promoting its "Insuring India by 2047" vision, with recent policy changes signaling a paradigm shift. Key developments include the IRDAI (Bima Sugam - Insurance Electronic Marketplace) Regulations, 2024, which aims to create a digital marketplace akin to UPI for insurance, fostering transparency and efficiency. Another significant change is the IRDAI (Insurance Products) Regulations, 2024, consolidating six regulations to streamline insurance product frameworks and facilitate market agility.
However, while the regulator is supportive of innovation, it exercises caution in awarding licenses to new-age ventures, particularly Insurtechs, due to concerns over financial irregularities. Stringent net worth requirements for founders and promoters are being enforced to address these concerns.
Click here to read more.
The podcast hosts Kevin Ryan, one of the leading serial entrepreneurs and investors. Previously he co-founded MongoDB, Business Insider, Nomad Health, Pearl Health, and was the CEO of DoubleClick (Acquired by Google for $3.1B. Entails interesting perspectives on whether best founders are best fundraisers & market-led vs people-led approaches to?VC?investments. Listen Here.
This article provides an interesting peek into YC's SAFE note and its evolution across fundraise cycles over the decade. It compares SAFEs to convertible notes, highlighting their dominance in pre-seed funding and their sector-specific variations. Additionally, it explores the concept of YC's secret SAFE and its unique "Conversion Percentage" mechanism. Click here?to?read?more.