What cheque size does Chanakya Fund Trust write?

As compiled from public sources: INR 2-10 Cr per company

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Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

VC fund (Cat II) · SEBI registry

Chanakya Fund Trust

Public markets (listed) · Climate & Clean energy · Ahmedabad

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Contact on file — shared on accepted request

At a glance

Stage focus: Public markets (listed)
Primary sector: Climate & Clean energy
City: Ahmedabad
HQ / office: Shyamal, Ahmedabad, Gujarat
Fund registered: 2022
Investments on record: 3
Corpus (as reported): 400+ crore AUM across funds (firm-stated, 2024-25); Chanakya Opportunities Fund-I launched as Rs 100 crore with Rs 100 crore green-shoe (2023)
Website: steptrade.capital/
LinkedIn: Profile ↗

About

Chanakya Fund Trust runs the Chanakya Opportunities Fund-I and -II, SEBI Category II AIFs managed by Steptrade Capital (founded by CA Kresha Gupta), focused on India's SME/microcap segment. Fund managers include Kresha Gupta, Ankush Kumar Jain and Akshay Dawra.

Investment focus

Category II AIF investing in profitable, pre-listed and listed SMEs/microcaps (early growth-stage); sector-agnostic with exposure to renewable energy, infrastructure, construction, specialty chemicals, healthcare, defence/aerospace and water management

Cheque size

INR 2-10 Cr per company

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II”

IN/AIF2/22-23/1230

SIDBI Fund of Funds

None found (no SIDBI/government LP or anchor disclosed for the fund; note: advisory board member Kamal Bansal previously helped launch SIDBI's early tech VC fund and operationalised the national Fund of Funds as ex-MD of GVFL, but this is his personal background, not a relationship of this fund)

Notable portfolio

Cosmic PV Power; Eiffil Water Infra; Sadbhav Futuretech; Optimized Solutions; Annu Projects; Apollo Green Energy; Globe Civil Projects; Quality Power Electrical Equipments

Team & organisation

~10+ investment professionals incl. 3 AIF fund managers (Kresha Gupta, Ankush Kumar Jain CFA, Akshay Dawra) plus research/compliance; advisory board (Mohit Kapoor, Kamal Bansal)

Chanakya Fund Trust (Category II AIF, SEBI Reg. IN/AIF2/22-23/1230) managed by Steptrade Capital; multi-fund manager running Chanakya Opportunities Fund I & II (Cat II), Steptrade Revolution Fund I & II (Cat III, Reg. IN/AIF3/23-24/1330) and Steptrade India Fund (GIFT City feeder), with FPI and SEZ FME licenses; founded by CA Kresha Gupta

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Frequently asked

What does Chanakya Fund Trust invest in?: Category II AIF investing in profitable, pre-listed and listed SMEs/microcaps (early growth-stage); sector-agnostic with exposure to renewable energy, infrastructure, construction, specialty chemicals, healthcare, defence/aerospace and water management
What cheque size does Chanakya Fund Trust write?: As compiled from public sources: INR 2-10 Cr per company
How do I pitch Chanakya Fund Trust through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://steptrade.capital/; https://steptrade.capital/about-us/