🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

888VC launches Rs 175 Cr fund for AI, deep-tech, sustainability startups in India

EntrackrEntrackr · 2d ago
888VC launches Rs 175 Cr fund for AI, deep-tech, sustainability startups in India
Medial

888 VC, an early-stage accelerator fund, has announced the launch of a Rs 175 crore investment fund. The funds are aimed to fuel the nation's next generation artificial intelligence, deep tech, and sustainability startups, targeting visionary founders whose innovations are addressing both local problems and have the potential to transform global markets. Over the next three years, the company plans to invest in global first Indian startups with average investment sizes ranging between Rs 2 crore and Rs 4 crores, focusing on technologies that are capable of scaling to high-growth ecosystems such as the UAE, the US, and beyond. 888VC also unveiled GRO8, the region’s largest cross-border investment and mentorship platform. Designed to address a crucial gap in the early-age startup ecosystem, like access to capital, mentorship, and market connections. As per market research, AI startups in India are projected to cross $17 billion by 2027; deep tech funding is said to have grown 2.5X in the last 3 years, driven by enterprise SaaS and frontier technologies, and sustainability startups have attracted approximately $2.5 billion in 2024 alone. Founded and led by Rohit Bafna, 888VC combines deep industry expertise with a hands-on approach to scale startups. The VC firm is focused on innovation in artificial intelligence, deep tech, and sustainability. Operating actively in India, UAE, and the US, the fund aims to catalyze the growth of category-defining startups and enable scalable global expansion. The VC firm asserts that it has evaluated 500 startups, funded over 20 companies, and deployed more than $12 million in syndicated capital, the accelerator fund is now maintaining a boasting portfolio exceeding $500 million valuation.

Related News

Warmup Ventures launches Rs 300 Cr founders-backed Fund II

EntrackrEntrackr · 9m ago
Warmup Ventures launches Rs 300 Cr founders-backed Fund II
Medial

Warmup Ventures has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. The fund will focus on transformative areas such as deep-tech, climate, and sustainability and plans to invest Rs 5–7 crore each in 25-30 early-stage startups across sectors, with a significant provision for follow-on rounds, Warmup Ventures said in a press release. Co-founded by Sharad Bansal, Rajendra Lora, and Yogesh Chaudhary, Warmup Ventures aims to bridge the gap between India's rich business heritage and its burgeoning innovation economy. By engaging family offices and second-generation entrepreneurs, the fund creates a unique platform that connects legacy businesses with future-forward startups. Warmup Ventures has backed over 15 startups. These include Bobabhai, scaling to more than 45 stores nationwide; Nitro Commerce, now hosting over 200 brands; Minimizes, a Li-ion battery recycling startup; RocketPay, a simplified payment collection app with over 5,000 merchants onboard; and Balwaan Krishi, which secured Rs 40 crore from JM Financial to advance agritech solutions for small and mid-size farmers. Warmup Ventures looks to go beyond funding by equipping early-stage founders with the knowledge and networks to make informed decisions and scale faster. The VC firm says that it harnesses the collaborative power of its network to create value for both portfolio startups and investors.

Trillion Dollar Ventures launches Rs 50 Cr Fund II

EntrackrEntrackr · 11m ago
Trillion Dollar Ventures launches Rs 50 Cr Fund II
Medial

Venture capital firm Trillion Dollar Ventures (TDV) has launched its second fund with a total corpus of Rs 50 crore, doubling its corpus size from the first fund. The new fund aims to support early-stage tech startups in India. TDV plans to back innovative founders and support companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup. The fund’s goal is to collaborate with and nurture these companies. The VC firm will invest in business models such as platform plays, marketplaces, and exchange businesses across various consumer tech (B2C) categories, including spirituality tech, fintech, gaming, the creator economy, social media, and consumer upgrades. According to TDV, its investment strategy focuses on backing serial founders or those with deep domain expertise, with a strong preference for high-tech, low-operation businesses. The fund’s lifecycle is set between 5 to 7 years, with expectations to make 10-12 investments annually, starting capital deployment in Q3 FY25. TDV reports that its first fund provided exit opportunities within 2 years of investment, generating over 60% IRR. The firm has received strong commitments from limited partners (LPs) in India and countries like the US, UK, UAE, and Singapore, validating its early-stage investment model and high return potential. Its backers include top global unicorn founders, family offices, and CXOs across various industries. Launched in 2021 by Ujwal Sutaria, TDV is dedicated to investing in innovative founders and nurturing startups across sectors such as fintech, gaming, spirituality tech, and consumer tech, claiming to have backed more than 30 companies.

247VC launches Rs 200 Cr fund

EntrackrEntrackr · 4m ago
247VC launches Rs 200 Cr fund
Medial

Venture capital firm 247VC has rolled out its first investment fund focused on early-stage startups in India. The fund has a base size of Rs 200 crore, with the option to raise an additional Rs 50 crore. It is registered under SEBI’s Category II AIF rules. 247VC is led by Yagnesh Sanghrajka and Shashank Randev, both experienced startup investors who earlier co-founded 100X.VC. They left that firm in late 2024. 247VC plans to support around 30 companies over the next three years. The typical investment amount will be about Rs 7 crore per startup, starting from Rs 3-4 crore and increasing over time based on performance. The fund will target consumer-facing businesses, enterprise software, advanced manufacturing, and deep technology. Some of the fund’s early backers include JSW Ventures’ Sachin Tagra, former Elevation Capital partner Vivek Mathur, and AI expert Shailendra Majmundar from Johns Hopkins University. The team aims to complete the first close of the fund within four months. Sanghrajka said that while funding at the early stage is facing headwinds, larger investors entering seed rounds has opened doors for partnerships. The firm hopes to co-invest with bigger funds as part of its strategy. In the past, the founding team has backed startups like Knight Fintech, abCoffee, EMO Energy, and Zeron.

Download the medial app to read full posts, comements and news.