On Thursday, early-stage venture capital 2am VC launched its second fund, investing in 30 Indian startups primarily at the Pre-Seed and Seed stages. The company will invest in startups in the domains of consumer tech, fintech, food and beverage, AI, and global SaaS. The VC firm says 60% of the fund will be used for first-time investments, and 40% will be kept aside for follow-on investments to enable founders to grow their businesses.

Based in Mumbai, Bengaluru, Delhi NCR, and Los Angeles, 2am VC acts as a bridge between Indian founders and global investors, providing hyperlocal knowledge and hand-curated deal flow for the next generation of Indian entrepreneurs. The Founding Partners Hershel Mehta and Brendan Rogers-led firm seeks to disrupt conventional thinking regarding India's venture ecosystem and introduce global investors to fresh opportunities in the fast-expanding Indian market.

Mehta, 2am VC's Founding Partner, said, "Drawing on our rich resources within the Indian ecosystem, gained through decades of startup investment and hands-on company-building experience, we are committed to delivering best-in-class support to assist Indian founders in scaling their businesses."

Earlier, 2am VC had closed its first fund with $10 million and has made investments in 47 startups, such as NEWME, Apna Mart , Bimaplan, and Karbon Card. Rogers, Founding Partner, further said, "We think the future wave of Indian startups will be led by young, first-time entrepreneurs building uniquely Indian businesses. We are here to help them turn their vision into a reality."