247VC Launches ₹250 Cr Fund to Back 30 Seed Startups in India
The Indian startup ecosystem has received a significant boost with the launch of 247VC’s ₹250 crore India Fund I. This fund will invest in 30 seed-stage startups over the next three years, focusing on sectors such as deep tech, consumption, and Industry 5.0. Led by veteran VCs Yagnesh Sanghrajka and Shashank Randev, 247VC aims to support bold founders who are shaping the future of India’s startup landscape.
The fund has received backing from marquee investors, a testament to the growing confidence in India’s startup ecosystem. With this fund, 247VC aims to bridge the funding gap for seed-stage startups, providing them with the necessary support to scale and grow.
A Focus on Emerging Sectors
247VC’s India Fund I will focus on sectors that have the potential to drive growth and transformation in India. Deep tech, which includes areas such as AI, blockchain, and cybersecurity, is a key focus area for the fund. This sector has the potential to create high-impact solutions that can address complex problems faced by Indian industries.
The fund will also invest in consumption-led startups that are creating innovative products and services that cater to the evolving needs of Indian consumers. With India’s growing middle class, there is a huge opportunity for startups to create products and services that cater to their needs.
Industry 5.0, which refers to the convergence of physical and digital worlds, is another key focus area for the fund. This sector has the potential to create new opportunities for Indian startups, particularly in areas such as robotics, IoT, and autonomous systems.
Supporting Bold Founders
247VC’s India Fund I will support bold founders who are creating innovative solutions that can address complex problems faced by Indian industries. The fund’s focus on seed-stage startups is critical, as this is the stage where entrepreneurs need the most support to scale and grow.
The fund’s team, led by Yagnesh Sanghrajka and Shashank Randev, has extensive experience in investing in startups and has a deep understanding of the Indian startup ecosystem. They will work closely with the founders to provide them with the necessary guidance and support to achieve their goals.
Key Highlights of the Fund
Here are some key highlights of 247VC’s India Fund I:
- The fund will invest in 30 seed-stage startups over the next three years
- The fund will focus on sectors such as deep tech, consumption, and Industry 5.0
- The fund has received backing from marquee investors
- The fund’s team has extensive experience in investing in startups and has a deep understanding of the Indian startup ecosystem
- The fund will support bold founders who are creating innovative solutions that can address complex problems faced by Indian industries
Conclusion
The launch of 247VC’s ₹250 crore India Fund I is a significant development for the Indian startup ecosystem. The fund’s focus on emerging sectors such as deep tech, consumption, and Industry 5.0 has the potential to create high-impact solutions that can drive growth and transformation in India.
With its focus on seed-stage startups, the fund is well-positioned to support bold founders who are creating innovative solutions that can address complex problems faced by Indian industries. As the Indian startup ecosystem continues to evolve, funds like 247VC’s India Fund I will play a critical role in shaping its future.
News Source
https://startuptalky.com/news/247vc-launches-250-crore-india-fund-seed-startups/
