Steptrade Capital secures first close of Revolution Fund-II, targeting ₹1,000 Cr to back India’s small and microcap companies

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Steptrade Capital has announced the first close of its third Alternative Investment Fund, Steptrade Revolution Fund-II (SRF-II) as it sets its sights on a total deployment of ₹1,000 crore into India’s emerging leaders in the small and microcap space.

SRF-II is the second offering under the Revolution Fund banner, following the strong performance of Chanakya Opportunities Fund and Steptrade Revolution Fund-I. With each fund, it has deepened its footprint in India’s most dynamic segment: small and microcaps. The rapid close further cements Steptrade’s reputation as a category leader with repeatable success and a bold investment philosophy.

Strategically designed to target scalable opportunities in both listed and unlisted small and microcap businesses, SRF-II continues Steptrade’s disciplined approach to capturing long-term value in sectors that are shaping India’s economic transformation. The fund actively seeks to back resilient, innovation-driven companies across renewables, defence, waste management, infrastructure, and other emerging themes.

Operating across all AIF categories (I, II, III), PMS, and FPI, Steptrade now offers one of the most comprehensive investment platforms in the country, catering to domestic and global investors looking to tap into India’s next growth frontier: its small and ambitious enterprises.

“This early close is a strong vote of confidence from our investors,” said CA Kresha Gupta, Director and Fund Manager at Steptrade Capital. “It reflects the strength of our investment philosophy—rooted in bottom-up research, market depth, and a clear focus on value creation in sectors that matter. We’re proud to be building capital bridges for India’s real economy.”

Ankush Jain, CFA, Director and Fund Manager added – “In microcap investing, timing and structure matter as much as the idea itself. SRF-II reflects a disciplined approach where every allocation is backed by depth of research, clear valuation logic, and a focus on protecting downside while capturing structural upside. At Steptrade, we are building portfolios that can compound quietly, through cycles.”

About Steptrade:
Steptrade is an investment management entity with SEBI license across all 3 AIF categories, PMS, and FPI management. Steptrade is built on a deep-rooted specialization in SME investments. The company launched India’s first SME Exchange centric AIF — Chanakya Opportunities Fund I, and have been at the forefront of backing high-potential SME companies across India.

With a clear focus on sustainability, innovation, and superior returns, Steptrade is emerging as a house of thought leadership in SME investing and is introducing some of the most differentiated strategies in the AIF ecosystem.