SUMMARY
- Volt VC, (micro venture capital firm), has introduced its inaugural fund, Volt VC Fund-1, at the pre-seed funding stage.
- The Venture plans to invest around Rs 50 lakhs to Rs 2 crore among 20-25 startups at the pre-seed stage.
- The founder has also raised $7 Billion which is India’s first ever regulated blockchain tokenized fund in Gujrat’s GIFT city.
Volt VC, (micro venture capital firm), has introduced its inaugural fund of Rs.45 Cr, Volt VC Fund-1, providing resources to startups operating across India.
The Venture plans to invest around Rs 50 lakhs to Rs 2 crore among 20-25 startups at the pre-seed stage. The investment focuses on a particular focus on direct-to-consumer (D2C), business-to-consumer (B2C), and business-to-business-to-consumer (B2B2C) models.
“In India, lately we have seen a good number of pre-seed and seed funds coming in, but several of them have ticket sizes of between Rs 4 crore and Rs 10 crore. However, many of these startups don’t have the appetite to take in that much money. So, there was a need for someone to enter with a smaller ticket for a smaller stake,” Param Patel, the general partner of the fund told ET.
Param Patel, founder of the firm commits to providing strategic guidance, market research support, product development, branding, fundraising strategies, and access to various networks of expertise. He has also served as the chief investment officer and a founding fund team member at the asset tokenization platform, Terazo. He raised $7 Billion which is India’s first ever regulated blockchain tokenized fund in Gujrat’s GIFT city.
Its goal is to nourish the seeds of entrepreneurship and act as an aiding tool for startups in Gujarat and other parts of the country who have innovative ideas and potential.
This Ahmedabad-based firm aims to close its inaugural fund within the next 3-4 months of duration. The firm is focusing on solidifying its presence in the segment by investing in promising startups across different sectors over the next year with various supports.
The company will also assist with fundraising and establishing a wide network of experts from different fields. The firm’s goal is to encourage entrepreneurship in the startup’s potential areas.
