Bharat Founders Fund Invests In Over 45 Startups In 2022

Bharat Founders Fund, a VC fund floated by a group of over 70 Indian entrepreneurs, has invested $4.5 million (around Rs 37 crore) in over 45 early-stage startups so far in 2022.

Launched in March 2022, Bharat Founders Fund has backed 45 startups across edtech, fintech, software-as-a-service (SaaS), healthtech, e-commerce and Web3 in their angel and seed funding rounds, with an average ticket size of $100,000. The fund aims to double down its portfolio next year.

Bharat Founders Fund

The Bharat Founders Fund (BFF) is an early-stage venture group of successful Indian entrepreneurs globally. It comprises a clutch of over 70 growth-stage startup founders.

These founders include Vamsi Krishna (Vedantu), Dhruv Dhanraj Bahl (COO, BharatPe), Rahul Chaudhary and Sidharth Gupta (Co-founder, Treebo), Gazal Kalra (Rivigo), Vidit Aatrey and Sanjeev Barnwal (Meesho), Vikram Chopra (Cars24), Smita Deorah and Sumeet Mehta (Lead School), and Saurabh Garg (NoBroker), among others. 

Speaking about the development, 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.”

Along with the initial investment, Bharat Founders Fund aims to provide founders with insights and access to a valuable network to help them fastrack their product development and go-to-market. Startups backed by Bharat Founders Fund include Skillbee, AdmitKard, Blissclub, Basic, Mokobara, and Crypso, among others.

In the coming years, the firm targets to invest in another 50-80 companies, along with helping such firms with resources, mentoring and guidance, and a networking platform to help founders in the first 12-24 months. 

VC firms faced a funding crunch in 2022, leading them to reduce their bets on the Indian startup ecosystem. In 2022, until the end of November, Venture capital investments by size fell about 34% to $23.2 billion from $35.4 billion in the same period the previous year. Additionally, vc firms closed 1,075 deals in India, compared with 1,212 transactions in the same period the previous year.

Follow us and connect with us on Instagram, FacebookTwitter, and LinkedIn.

Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Companyregister a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, CFO Services, or other startup related legal servicescontact us.

Source link

Related posts

FTX’s fall could have implications for more Canadian orgs than just Ontario Teachers’

Sarah Villa

YouTube may be able to get rid of fake accounts with its new update

Sarah Villa

Full-stack mobility solution provider Automovill raises Rs 2.15Cr led by Inflection Point Ventures

Sarah Villa

Agritech Startup MeraTractor Secures Rs 5 Crore Funding

Sarah Villa

New research surveys competitive intensity in Canada’s banking and payments sector

Sarah Villa

Budget 2023 — The Ghost Of Angel Tax Comes Back To Haunt Startups

Sarah Villa

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More