Subheadline: With over 25 years in venture capital and public markets, Kamal Bansal is now backing one of India’s boldest capital market plays. Steptrade Just Landed a VC
Subheadline: With over 25 years in venture capital and public markets, Kamal Bansal is now backing one of India’s boldest capital market plays.
In a move that’s turning heads across the Indian investment ecosystem, former GVFL Managing Director Kamal Bansal has joined Steptrade Capital as an advisory board member — a move that could supercharge the firm’s ambitions in the fast-moving microcap and small-cap space.
And if you’ve followed India’s venture capital story over the last two decades, you already know Bansal isn’t just another finance veteran — he’s one of the architects behind it.
From launching one of India’s earliest tech-focused VC funds at SIDBI to shaping the National Fund of Funds initiative, Bansal has been at the center of India’s investment evolution for over 25 years.
His resume includes:
Put simply: He doesn’t just manage capital — he builds ecosystems.
This isn’t just a flashy board addition. It’s a strategic pivot toward deeper institutional credibility.
Here’s what Kresha Gupta, Director & Fund Manager at Steptrade Capital, had to say:
“Having someone like Bansal on our advisory board reflects Steptrade’s evolution toward strategic depth, long-term vision, and institutional scale.”
Translation? Steptrade is playing for the long game.
With Bansal’s guidance, the firm plans to refine its investment thesis, deepen its research-driven strategy, and scale operations across India’s under-tapped small and microcap segments — a space where disciplined investing can unlock massive value.
The microcap space in India is heating up.
As institutional investors chase alpha in an increasingly saturated large-cap world, smart capital is flowing into:
But it’s not for the faint-hearted — this is a space that demands:
That’s exactly where Bansal’s background fits in. He brings a rare blend of startup agility and institutional structure — the perfect mix for navigating high-potential, high-volatility markets.
Bansal’s jump to Steptrade isn’t just about one firm’s growth — it reflects a broader trend:
Veteran investors are betting on boutique firms with bold, sector-specific strategies.
Microcaps are becoming a serious asset class — not just retail playgrounds.
Smaller funds are institutionalizing — and getting serious about governance and scale.
This is part of the next wave of capital market evolution in India — and Bansal is helping lead it.
Steptrade has already shown promise with its focused, research-first approach to capital markets.
But with Kamal Bansal joining the board, the message is clear: they’re no longer just playing to compete — they’re playing to lead.
If you’re tracking the next generation of fund managers, this is one to watch.
