247VC Launches Rs 250 Crore India Fund to 30 Bold Startups
•247VC has launched a Rs 250 crore India Fund I to invest in 30 seed-stage startups over the next three years.
•Led by experienced Operator VCs Yagnesh Sanghrajka and Shashank Randev, the fund will focus on consumption, deeptech, enterprise tech, and Industry 5.0.
•Backed by notable investors, the fund aims to drive innovation and support transformative ventures contributing to a developed India by 2047.
Venture capital firm 247VC has introduced its India Fund I, which has a total corpus of Rs 200 crore and an additional greenshoe option of ₹50 crore, targeting a combined fundraising goal of Rs 250 crore (around $30 million). Registered with SEBI as a Category II Alternative Investment Fund (AIF), the fund aims to support promising seed-stage entrepreneurs across various sectors, providing follow-up investment assistance in subsequent rounds.
The fund is spearheaded by experienced Operator VCs Yagnesh Sanghrajka and Shashank Randev, who plan to invest in 30 startups over the upcoming three years. Both leaders possess over 50 years of cumulative experience in startup investing, operations, and fundraising, and have previously backed successful companies like Knight Fintech, EMO Energy, abCoffee, Zeron, and Coolberg, among others.
While maintaining a broad sector focus, 247VC has pinpointed four key thematic areas like consumption, deeptech, enterprise technology, and Industry 5.0. The team prioritizes active engagement, empathy towards founders, and swift decision-making, boasting a track record of achieving returns as high as 70X on earlier investments.
"India is entering its most exciting startup decade. With this fund, we’re doubling down on our mission to back ambitious founders at the seed stage - those who are obsessed with solving hard problems and building for scale," said Yagnesh Sanghrajka, Founder and Managing Partner, 247VC. Shashank Randev added, “This fund is not just a next step, it’s a focused leap toward the kind of audacious innovation Bharat needs. Our edge is hands-on experience, deep networks, and a relentless belief in founders solving meaningful problems.”
The fund has garnered significant early support from prominent investors such as Sachin Tagra (Managing Partner, JSW Ventures), Vivek Mathur (former Partner, Elevation Capital), and Shailendra Majmundar, an expert in GenAI and machine learning from Johns Hopkins University. With India's startup landscape set for rapid expansion, 247VC’s India Fund I is poised to play a pivotal role in ushering in the next wave of groundbreaking ventures that will contribute to a developed India by 2047.
•Led by experienced Operator VCs Yagnesh Sanghrajka and Shashank Randev, the fund will focus on consumption, deeptech, enterprise tech, and Industry 5.0.
•Backed by notable investors, the fund aims to drive innovation and support transformative ventures contributing to a developed India by 2047.
Venture capital firm 247VC has introduced its India Fund I, which has a total corpus of Rs 200 crore and an additional greenshoe option of ₹50 crore, targeting a combined fundraising goal of Rs 250 crore (around $30 million). Registered with SEBI as a Category II Alternative Investment Fund (AIF), the fund aims to support promising seed-stage entrepreneurs across various sectors, providing follow-up investment assistance in subsequent rounds.
The fund is spearheaded by experienced Operator VCs Yagnesh Sanghrajka and Shashank Randev, who plan to invest in 30 startups over the upcoming three years. Both leaders possess over 50 years of cumulative experience in startup investing, operations, and fundraising, and have previously backed successful companies like Knight Fintech, EMO Energy, abCoffee, Zeron, and Coolberg, among others.
While maintaining a broad sector focus, 247VC has pinpointed four key thematic areas like consumption, deeptech, enterprise technology, and Industry 5.0. The team prioritizes active engagement, empathy towards founders, and swift decision-making, boasting a track record of achieving returns as high as 70X on earlier investments.
"India is entering its most exciting startup decade. With this fund, we’re doubling down on our mission to back ambitious founders at the seed stage - those who are obsessed with solving hard problems and building for scale," said Yagnesh Sanghrajka, Founder and Managing Partner, 247VC. Shashank Randev added, “This fund is not just a next step, it’s a focused leap toward the kind of audacious innovation Bharat needs. Our edge is hands-on experience, deep networks, and a relentless belief in founders solving meaningful problems.”
The fund has garnered significant early support from prominent investors such as Sachin Tagra (Managing Partner, JSW Ventures), Vivek Mathur (former Partner, Elevation Capital), and Shailendra Majmundar, an expert in GenAI and machine learning from Johns Hopkins University. With India's startup landscape set for rapid expansion, 247VC’s India Fund I is poised to play a pivotal role in ushering in the next wave of groundbreaking ventures that will contribute to a developed India by 2047.
.jpg "Mentza : Redefining Career Readiness through AI-Driven Skill Assessments & Mentoring")
