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247VC is a venture capital firm based in India, established to provide seed funding to innovative startups. The firm was founded with the mission of investing in visionary founders who are shaping the future of India, often referred to as Bharat. 247VC emphasizes a hands-on approach, supporting startups from inception to scale, ensuring they have the necessary resources and guidance to thrive in a competitive market.
Currently, 247VC manages a portfolio of 15 companies and operates primarily in the Asian market, focusing on sectors such as fintech, SaaS, consumer products, cybersecurity, food-agtech, energy, healthcare, AI, and frontier technologies. The firm typically invests between ₹3 to ₹4 crore (approximately $360K to $480K) in initial funding rounds, with the potential for follow-on investments in subsequent rounds.
247VC is headquartered in Mumbai and has a presence in the National Capital Region (NCR). The firm has made notable strides in supporting startups that drive significant change in India, aligning its investment strategy with the evolving needs of the market.
247VC invests across a diverse range of sectors, including fintech, SaaS, consumer products, cybersecurity, food-agtech, energy, healthcare, AI, and frontier technologies. The firm specializes in seed-stage investments, typically providing initial funding ranging from ₹3 to ₹4 crore (approximately $360K to $480K). This investment strategy is designed to partner with innovative founders who are making a substantial impact in India.
The firm looks for bold entrepreneurs who are not only visionary but also capable of executing their ideas effectively. 247VC's investment thesis emphasizes the importance of supporting startups that drive significant change and contribute to the growth of the Indian economy. The firm is open to follow-on capital in future funding rounds, allowing for continued support as startups scale.
247VC's geographic focus is primarily on India and the broader Asian market, where it aims to identify and nurture startups that align with its investment criteria. The firm values a hands-on approach, providing not just capital but also strategic guidance and operational support to help portfolio companies succeed.
247VC has built a diverse portfolio of 15 companies across various sectors. Notable portfolio companies include:
This portfolio reflects 247VC's commitment to investing in innovative startups that are poised to make a significant impact in their respective industries.
Yagnesh Sanghrajka: Founder & Managing Partner. Yagnesh has extensive experience in venture capital and has led multiple successful investments in the Indian startup ecosystem.
Shashank Randev: Founder & General Partner. Shashank brings a wealth of knowledge in technology and finance, having worked with various startups and investment firms prior to 247VC.
Kruti Raiyani: Principal. Kruti specializes in identifying high-potential startups and has a strong background in financial analysis and market research.
Khushi Agarwal: Investment Analyst. Khushi supports the investment team with due diligence and market analysis, contributing to the firm's decision-making process.
To pitch to 247VC, founders should use the preferred channel available on their website at 247VC Pitch. The pitch deck should include a clear overview of the business model, market opportunity, competitive landscape, and financial projections. Founders are encouraged to provide detailed information about their team and any traction they have achieved.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, but cold pitches are also accepted through the provided email address hello@247vc.in.
As of March 2023, 247VC continues to expand its portfolio, focusing on seed-stage investments in innovative sectors. The firm has recently added several companies to its portfolio, including notable names in fintech and consumer products.
247VC remains active in the Indian startup ecosystem, seeking out bold founders who are shaping the future of the market. The firm is committed to providing hands-on support and strategic guidance to its portfolio companies.
What are 247VC's investment criteria?
247VC focuses on seed-stage investments in sectors such as fintech, SaaS, consumer products, cybersecurity, food-agtech, energy, healthcare, AI, and frontier technologies. The firm seeks to partner with bold founders who are driving significant change in India.
How can I apply or pitch to 247VC?
Founders can pitch to 247VC through their website at 247VC Pitch or by emailing hello@247vc.in. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes 247VC different from other venture capital firms?
247VC emphasizes a hands-on approach, providing not just capital but also strategic guidance and operational support to help startups scale effectively. The firm is dedicated to investing in visionary founders who are shaping the future of India.
What is the geographic scope of 247VC's investments?
247VC primarily focuses on investments in India and the broader Asian market, targeting startups that align with its investment thesis.
What is the typical check size for investments?
247VC typically invests between ₹3 to ₹4 crore (approximately $360K to $480K) in initial funding rounds, with the potential for follow-on investments in future rounds.
What kind of post-investment involvement does 247VC have?
247VC takes a hands-on approach with its portfolio companies, providing strategic guidance, operational support, and resources to help them scale effectively.
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