Bharat Founders Fund invests in 45 early-stage startups
- ByStartupStory | December 29, 2022
A group of more than 70 Indian entrepreneurs launched the Bharat Founders Fund venture capital fund, which said on Thursday that it has invested $4.5 million (about Rs 37 crore) in over 45 early-stage firms so far this year.
The fund, which was established in March of this year, has supported these 45 firms in their angel and seed investment rounds, with an average ticket size of $100,000, in the areas of SaaS, edtech, fintech, healthtech, e-commerce, and Web3. Next year, it also plans to double down on its portfolio.
A group of more than 70 growth-stage company founders make up the Bharat Founders Fund (BFF), including Vidit Aatrey and Sanjeev Barnwal of Meesho, Gazal Kalra of Rivigo, Vikram Chopra of Cars24, Smita Deorah and Sumeet Mehta of Lead School, Vamsi Krishna of Vedantu, and Saurabh Garg of NoBroker.
A group of more than 70 growth-stage company founders make up the Bharat Founders Fund (BFF), including Vidit Aatrey and Sanjeev Barnwal of Meesho, Gazal Kalra of Rivigo, Vikram Chopra of Cars24, Smita Deorah and Sumeet Mehta of Lead School, Vamsi Krishna of Vedantu, and Saurabh Garg of NoBroker.
Maanav Sagar, co-manager at Bharat Founders Fund, said, “BFF has reduced friction for founders to access successful founders. In the formative stage of a startup, getting task-relevant and timely advice from experienced founders can determine the slope of a startup’s trajectory.”
The company also plans to invest in an additional 50 to 80 businesses over the next few years, as well as provide these businesses with resources, mentoring, and coaching, as well as a networking platform to assist founders during the first 12 to 24 months of operation.
In 2022, venture capital firms will experience a funding shortage, which will force them to scale back the amount of investments they make. Up till the end of November 2022, the size of venture capital investments decreased by around 34% from $35.4 billion to $23.2 billion.
From the beginning of November to the end of 2022, 1,075 transactions—a decrease of 12% from the 1,212 transactions during the same time in the previous year—were closed in India.
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