SUMMARY
- Trillion Dollar Ventures launches its second fund with a target corpus of ₹50 crore.
- The fund aims to invest in pre-seed and seed-stage startups, focusing on platform plays and consumer tech.
- TDV has backed over 30 companies and aims to continue its strong performance with the new fund.
Trillion Dollar Ventures (TDV), an early-stage venture capital firm with notable investments in Rupicard, Spintly, Siftly, and Nector, has announced the launch of its second fund with a target corpus of ₹50 crore (approximately $5.9 million). This fund aims to support pre-seed and seed-stage startups, focusing on an average investment size ranging from ₹1 to ₹2 crore.
The firm plans to make 10-12 investments annually, starting in the third quarter of the financial year 2024-25. The new fund will primarily target startups involved in platform plays, marketplaces, and exchange businesses across various consumer tech categories, including spirituality tech, fintech, gaming, the creator economy, social initiatives, and consumer upgrades.
Founded in 2021 by Ujwal Sutaria, TDV Partners has a track record of assisting startup founders in various stages of their journey, from ideation and finding Product-Market Fit (PMF) to training and fundraising. Sutaria commented, “Our proven track record with the last fund has encouraged us to double the target corpus with the second fund and increase the average investment size. With our first fund, we have provided an exit opportunity within 2 years of investing in the company, generating over 60% IRR, and achieving a MOIC of 3 within two and a half years. We are confident of continuing our track record with the new fund.”
The Hyderabad-based firm claims to have backed over 30 companies in the past three years, with nearly half successfully raising subsequent funding rounds. The first fund, launched in 2021 with a total corpus of ₹25 crore, focused on sectors such as consumer tech, e-commerce, gaming, consumer brands, and fintech.
According to Inc42 data, Indian startups raised a cumulative total of $5.3 billion in the first half of 2024, compared to $5.4 billion in the same period of 2023. Notably, funding numbers surged by 7% year-on-year (YoY) during this period, with the fintech and enterprise tech sectors capturing the largest share of investments.
Earlier in May, TDV Partners backed Eternz, a Bengaluru-based jewelry marketplace, helping the company raise $1.15 million (approximately ₹9.6 crore) in a funding round led by Kae Capital, with participation from Gemba Capital, IIMA Ventures, and Venture Lab.
