Funding
Former 100X.VC partners launch early-stage fund, target raising Rs 250 crore corpus
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Early-stage venture capital (VC) firm 247VC, founded by operator-investors Yagnesh Sanghrajka and Shashank Randev, has launched its first India-focussed fund with a base corpus of Rs 200 crore and a green shoe option of Rs 50 crore.
The fund, registered as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (Sebi), will offer institutional seed cheques to startups across sectors such as consumption, enterprise tech, deep tech, and Industry 5.0, which includes advanced manufacturing, industrial and allied…
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