WEH Ventures’ second fund exceeds target corpus of INR 100 Crore

• BySheetal Sidhu     |    April 29, 2022

Mumbai-based WEH Ventures has exceeded its second fund’s target corpus of Rs 100 crore. The second fund is sector-agnostic and has raised more than its targeted corpus from CEOs and CXOs of major corporations in India and family offices.

This capital infusion will be mainly used to to invest in 18-20 startups at an early stage and back them in multiple follow-on rounds, the company had said. The company has already made some investments from the second fund. Unbox Robotics, a warehouse automation startup, is one of the first beneficiaries. Others include a DTC brand, a community-first app, a gaming studio, among others.

WEH Ventures, co-founded by Deepak Gupta in 2017, had launched its maiden early-stage fund of Rs 20 crore in the very same year it started its operations. Around 90% of the company’s portfolio companies from its first fund raised follow-on capital in rounds led by institutional investors, bringing in more than 100 times the capital invested.

The company’s portfolio from its very first fund includes Pratilipi, Trell, Animall, and Smallcase. The typical cheque size at WEH Ventures is approximately INR 3 crore in the first round, with adequate reserves available to support the company further in the following rounds, the company had said earlier.

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