Short Summary:
Volt VC, a Gujarat-based micro venture capital firm, has launched its first-ever fund, Volt VC Fund-1, aiming to raise ₹45 crore to provide critical pre-seed funding to startups across India. The fund will focus on sectors like D2C, B2C, and B2B2C, with investments ranging from ₹50 lakhs to ₹2 crore in approximately 20-25 startups. The firm seeks to close the fund within the next 3-4 months.
Complete Article:
Volt VC, a newly established micro venture capital firm, has announced the launch of its maiden fund, Volt VC Fund-1, with a vision to bridge the crucial funding gap at the pre-seed stage for startups across India. With a target corpus of ₹45 crore, this SEBI-registered Category II Alternative Investment Fund (AIF) is designed to empower early-stage entrepreneurs, particularly those operating in sectors such as direct-to-consumer (D2C), business-to-consumer (B2C), and business-to-business-to-consumer (B2B2C).
Volt VC Fund-1 represents a pioneering move for the micro-VC ecosystem in Gujarat and aims to provide early support to startups that often struggle to secure initial funding. Param Patel, General Partner at Volt VC, highlighted the firm’s mission, stating, “There has been a noticeable lack of micro VC funds to support startups at the pre-seed stage. This gap inspired the launch of Volt VC, the first micro-VC from Gujarat.”
The fund plans to invest between ₹50 lakhs and ₹2 crore in approximately 20 to 25 startups at the pre-seed stage, offering these fledgling companies the financial resources they need to bring their innovative ideas to life. By focusing on sectors that are ripe for growth, Volt VC aims to nurture companies with high potential, providing them with the capital, strategic guidance, and network support required to scale their operations.
In addition to funding, Volt VC also emphasizes creating a community of thriving startups, helping them connect with experienced mentors, industry experts, and fellow entrepreneurs. The venture capital firm believes that by offering startups a comprehensive support system, they can help accelerate growth and increase the likelihood of long-term success.
The firm aims to close the fund within the next 3-4 months, signifying an important milestone for India’s early-stage startup ecosystem. As the market becomes increasingly competitive, access to pre-seed funding is crucial to startups that are just starting to develop their business models, build teams, and test their products.
Volt VC’s focus on pre-seed funding is an acknowledgment of the challenges faced by many startups in India, where access to early capital remains limited. By providing startups with an infusion of capital during this critical phase, Volt VC hopes to contribute to the growth of the next wave of innovative companies in India.
As Volt VC Fund-1 sets its sights on helping early-stage startups turn their ideas into reality, it also positions itself as a vital player in India’s rapidly evolving venture capital landscape, bringing attention and resources to the often underserved pre-seed stage. The launch of Volt VC’s maiden fund marks an exciting step forward for entrepreneurs and investors alike, offering new opportunities for growth and innovation across the country.
