Investment Associate – Venture Capital

Location: Mumbai | Full-time | On-site

About Rockstud Capital

Rockstud Capital is an India-focused investment platform managing SEBI-registered Category I and Category II Alternative Investment Funds. Our current investment focus centres on manufacturing-led businesses and applied deep technology, including advanced manufacturing, industrial systems, defence, aerospace, space technologies, industrial sustainability and manufacturing-led consumer businesses.

We assess opportunities through commercial and operating fundamentals: engineering capability, competitive differentiation, unit economics, capital efficiency, governance and the ability to scale. We work closely with founders on investment strategy, business priorities and long-term growth.

About the Role

We are looking for an Investment Associate who can independently identify promising businesses, build relationships with founders and industry participants, and develop well-reasoned investment recommendations.

This is a sourcing-led investment role within a lean, founder-led team. You will take ownership of opportunities from identification and initial engagement through preliminary evaluation and preparation for deeper diligence, working closely with colleagues responsible for transaction execution and portfolio management.

Key Responsibilities

- Originate investment opportunities: Build a consistent pipeline aligned with Rockstud’s investment focus through direct founder outreach, sector research and relationships with investors, incubators, accelerators and industry networks.
- Own founder engagement: Lead initial discussions, ask commercially relevant questions, maintain timely follow-ups and build constructive relationships.
- Develop sector insight: Map industries, value chains and emerging businesses to identify attractive investment themes and sourcing opportunities.
- Evaluate businesses: Assess business models, market opportunities, competitive positioning,



technology differentiation, customer adoption, unit economics and scalability.
- Analyse financial performance: Review financial statements, build appropriate projections and valuation analyses, and assess working-capital requirements, capital intensity and funding needs.
- Prepare investment recommendations: Write clear screening notes and investment memos that explain the opportunity, key risks, unresolved questions and recommended next steps.
- Support diligence and transactions: Coordinate with the investment team, founders and relevant specialists, ensuring a clear handover of findings, documents and outstanding issues.
- Maintain investment records: Keep pipeline information, meeting notes, source documents and next actions current and organised.
- Contribute to selected portfolio and strategic projects where your sector knowledge or relationships can add value.

What We Are Looking For

- Relevant experience in venture capital, private equity, investment banking, transaction advisory, consulting or an industrial/technology business.
- Evidence of independently identifying opportunities, developing relationships and taking work through to a clear outcome.
- A strong interest in manufacturing and applied technology, with the ability to understand unfamiliar businesses and distinguish technical claims from commercial potential.
- Sound financial analysis, modelling and valuation skills.
- Explicit writing and communication, including the ability to form and defend an investment view.
- Initiative, sound judgement and disciplined follow-through in a lean team.
- Comfort working from our Mumbai office and travelling for founder meetings, industry engagement and site visits when required.
- A degree in Finance, Economics, Engineering, Business or a related discipline. CA, CFA progress or an MBA would be an advantage.
- Candidates should be able to explain their individual contribution to previous sourcing, evaluation or transaction work, including the decisions made and outcomes achieved.

📌 Investment Associate – Venture Capital (Mumbai)
🏢 Rockstud Capital
📍 Mumbai