All In Capital, an Indian early-stage venture capital firm, has launched its second fund with a target size of 200 crore rupees (around US$23.2 million).

The fund includes a greenshoe option of INR 100 crore (US$11.6 million), potentially increasing the total corpus to 300 crore rupees (US$34.8 million).

The firm announced it has achieved the first close of the fund at 85 crore rupees (US$9.8 million), with investments from family offices in India and abroad.

Over the next three years, the fund plans to invest up to 5 crore rupees (US$579,145) in 50 startups, with some follow-on investments in select companies.