Volt VC, a Micro Venture Capital firm headquartered in Ahmedabad, has officially launched and introduced its first fund, Volt VC Fund-1. This marks the establishment of the first Micro-VC in Gujarat, aiming to address the pre-seed funding gap and provide critical resources to startups throughout India.
Volt VC Fund-1, a SEBI-registered Category II Alternative Investment Fund (AIF), is targeting a total of Rs 45 crore. The fund will focus on investing in innovative, consumer-centric startups at the pre-seed stage, with plans to support a new wave of entrepreneurs and creators building strong, consumer-oriented businesses across various sectors, especially in D2C (Direct-to-Consumer), B2C (Business-to-Consumer), and B2B2C (Business-to-Business-to-Consumer) models.
Acknowledging India's significant need for pre-seed funding to foster innovation and support emerging entrepreneurs, Volt VC Fund-1 aims to address this gap by investing between Rs 50 lakhs to Rs 2 crore in approximately 20-25 startups at the pre-seed stage.
Param Patel, General Partner at Volt VC, emphasized the surge in consumer-focused startups in India, driven by the country’s innovative and entrepreneurial spirit. He highlighted the critical need for support and funding at the pre-seed stage to ensure these promising ideas can grow and thrive. Volt VC's goal is to provide the necessary resources, strategic guidance, and funding to help early-stage startups evolve into successful, impactful businesses. Their mission is to empower entrepreneurs across India, ensuring that visionary ideas receive the backing they need to become successful ventures.
Patel further noted that while Gujarat has consistently ranked highly in startup development, supported by strong government infrastructure and grants, there has been a notable absence 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 firm aims to close its first fund within the next 3-4 months and plans to enhance its presence in super early-stage investments by backing promising startups across various sectors over the next 12 months.
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