Kushal Bhagia (All In Capital)
Overview
Kushal Bhagia is an Indian entrepreneur, venture capitalist, and the founder of All In Capital, a pre-seed venture capital firm based in Bengaluru, India. Bhagia is renowned for his commitment to backing innovative early-stage startups, particularly those deemed too early or unconventional by more traditional venture capitalists. Over the years, he has become a notable figure in the Indian startup ecosystem, having invested in over 150 startups and co-founded venture capital funds focused on sectors like edtech and life sciences. His career in tech investment has spanned more than a decade, characterized by a keen interest in identifying and nurturing non-obvious entrepreneurial talent.
Recent Developments
- July 2025: Kushal Bhagia critiqued India's startup ecosystem for not investing enough in deep-tech ventures, despite acknowledging the challenges faced by entrepreneurs in obtaining governmental support. He commended the operational prowess of Indian startup companies, particularly in logistics and service sectors.
- March 2025: All In Capital launched its second fund with a target of raising ₹200 crore. The first close was achieved with ₹85 crore, and the fund aims to invest in 50 startups over the coming years. Notably, All In Capital continues to focus on pre-seed investments, maintaining its sector-agnostic approach.
- 2024: The firm invested in various Indian startups, with significant attention to sectors like AI, deep-tech, and consumer brands.
- 2023: Bhagia emphasized the importance of founder-market fit in early-stage investing, stressing the need for an analytical framework to assess the alignment between founders and their chosen markets.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Kushal Bhagia |
| Born | Unknown |
| Nationality | Indian |
| Occupation | Entrepreneur, Venture Capitalist |
| Known For | Founding All In Capital |
| Net Worth | Not Publicly Disclosed |
| Education | Attended BITS Pilani |
Early Life and Education
Kushal Bhagia was educated at the Birla Institute of Technology and Science (BITS) Pilani, where he began his entrepreneurial journey by founding a company from his hostel room. His early exposure to the tech ecosystem through academic pursuits provided him with insights into the burgeoning startup landscape in India. Although little is publicly known about his family background, his educational experience at BITS likely played a crucial role in his eventual transition into venture capital, where he applied his technical understanding to evaluate and support startups.
Career and Notable Achievements
- In 2010, started his entrepreneurial career by launching his first company at BITS Pilani.
- Co-founded All In Capital in 2022 with Aditya Singh, aiming to support non-traditional startup founders through pre-seed investments.
- Previously, he played a significant role in helping build upGrad, an online education platform now valued at over $1 billion.
- His investment portfolio includes companies like upGrad, Newme, and Wint Wealth.
- Under his leadership, All In Capital has made over 29 investments in seed-stage startups and continues to explore new opportunities.
Current Work and Impact
Currently, Kushal Bhagia is leading All In Capital to focus on supporting early-stage startups across various sectors with a particular emphasis on tech-heavy and consumer-driven innovation. His approach involves substantial engagement with founders to ensure they receive not just funding, but also strategic advice and networks necessary for scaling. Bhagia’s impact extends beyond financial investment; he is an advocate for policy improvements in India to better support startups and is keenly involved in thought leadership around venture investment strategies.
All In Capital Fund Size
All In Capital is on its second fund aiming for a corpus of ₹200 crore, with a first close achieved at ₹85 crore. This follows its first fund of $11 million, reinforcing the firm’s strategy of investing in up to 50 startups in its current fund life cycle. The firm maintains a strong stance on investing with high conviction in early-stage startups.
Kushal Bhagia Net Worth
While Kushal Bhagia's net worth is not publicly disclosed, his successful career as a venture capitalist and entrepreneur suggests a robust financial status given the scale and scope of his investments.
Together Fund
Kushal Bhagia's role with All In Capital positions him in a significant network within the venture capital community, often working alongside organizations like the Together Fund to co-invest in promising startups. His engagements are primarily focused on fostering a conducive environment for tech startups in India.
Conclusion
Kushal Bhagia is a pivotal player in India's venture capital scene, noted for his early backing of startups poised to make substantial impacts. His investment philosophy underlines the importance of founder-market fit and supporting innovations at their nascent stages. As Indian startups continue to gain traction on the global stage, Bhagia's focus on high conviction, sector-agnostic investment positions him as a leader in nurturing the next generation of disruptive companies.