Bharat Founders Fund (BFF), an early-age venture fund of more than 70 Indian entrepreneurs, has funded over 45 startups from the angel to seed stage with an average investment amount close to $100,000 since March 2022.
The firm, launched earlier this year, said it had invested $4.5 million (about Rs 37 crore) in over 45 early-stage firms so far this year, primarily in the sectors like SaaS, edtech, fintech, health tech, e-commerce, and Web3.
The fund includes India’s well-known entrepreneurs, including Vidit Aatrey and Sanjeev Barnwal of Meesho, Gazal Kalra of Rivigo, Vikram Chopra of Cars24, Smita Deorah and Sumeet Mehta of Lead School, Vamsi Krishna of Vedantu, and Saurabh Garg of NoBroker.
Its recent investments include an AI (artificial intelligence) platform for Infrastructure management Accacia, a SaaS platform UserStudy, and real-time multimodal visibility for supply chain Intugine, Carbon Masters, Bluecopa and Mokobara, among others.
Additionally, Bharat Founders Fund plans to invest in 50 to 80 startups over the next few years and provide these businesses with resources, mentoring, coaching, and a networking platform to assist founders during the first 12 to 24 months of operation.
Maanav Sagar, co-manager at Bharat Founders Fund, said, “BFF has reduced friction for founders to access successful founders. In the formative stage of a startup, getting task-relevant and timely advice from experienced founders can determine the slope of a startup’s trajectory.”
Source @Indianstartupnews
