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In a major move poised to shake up India’s startup ecosystem, 247VC, a leading venture capital firm, has just launched its India Fund I with a whopping Rs
In a major move poised to shake up India’s startup ecosystem, 247VC, a leading venture capital firm, has just launched its India Fund I with a whopping Rs 250 crore ($30 million) corpus. The fund aims to become a game-changer for early-stage startups across the country, providing crucial capital to high-potential entrepreneurs ready to scale their businesses.
247VC’s India Fund I isn’t just another venture fund—it’s designed to back bold and visionary founders. With a corpus of Rs 200 crore and a greenshoe option of Rs 50 crore, the fund is targeting a total investment of Rs 250 crore over the next few years. Registered with SEBI as a Category II AIF, this fund aims to make a lasting impact on India’s entrepreneurial landscape.
247VC plans to invest in 30 high-potential startups over the next three years, providing initial funding as the first institutional cheque along with the potential for follow-on capital in future rounds.
The focus of India Fund I is clear—seed-stage startups with high growth potential across various sectors. In a market like India, which is known for its dynamic startup ecosystem, there is a massive gap in funding at the seed stage. With this new fund, 247VC is stepping in to provide crucial early-stage capital, enabling these startups to scale quickly and confidently.
But here’s the kicker—follow-on capital is part of the plan too. This means that 247VC isn’t just giving startups their first push but is also prepared to continue investing in their growth journey as they move into subsequent funding rounds.
Behind this groundbreaking fund are two experienced venture capitalists: Yagnesh Sanghrajka and Shashank Randev, both of whom bring a wealth of experience and an impeccable track record to the table. With 50+ years of collective experience in operating, investing, and fundraising, these two Operator VCs know what it takes to back successful startups.
Their ability to identify high-potential startups and provide both financial backing and strategic guidance is one of the main reasons 247VC’s India Fund I is expected to have a lasting impact. Investors and founders alike should be paying close attention to how these industry veterans plan to transform the landscape of Indian venture capital.
India is already home to one of the world’s largest and most diverse startup ecosystems, and funds like 247VC India Fund I are a sign that the country’s startup scene is maturing rapidly. By focusing on seed-stage investments, 247VC is ensuring that early-stage startups can get the capital and support they need to reach the next level.
But it doesn’t stop there—this fund aims to provide real value beyond capital. With experienced investors like Sanghrajka and Randev at the helm, founders can expect strategic insights, operational support, and an active partnership throughout their startup journey.
With its Rs 250 crore India Fund I, 247VC is poised to make waves in the Indian startup world. Over the next few years, expect to see a wave of innovative companies making their mark with the help of this strategic capital. Whether in sectors like technology, fintech, healthcare, or e-commerce, 247VC is looking for founders who are ready to disrupt their industries and scale their businesses globally.
If you’re an entrepreneur with a bold idea, now’s the time to pay attention. The launch of 247VC India Fund I means that seed-stage startups now have access to critical resources they need to turn their vision into a reality. If you’re a founder looking to take your startup to the next level, this is the type of capital and support you want on your side.
For investors and startup enthusiasts, this fund is a sign of things to come in India’s fast-evolving venture capital space. As more funds like 247VC step in to support the growth of emerging startups, India is poised to become a global hub for innovation and entrepreneurship.
