What Is Bharat Founders Fund and How to Raise Funds From Them?
🔍Insights
Done with all gossip involving Shark Tank judges and Contestants. Let's move ahead to the new talk of the town and the biggest venture of 50+ investors all working for providing better support to future entrepreneurs.
According to the Economic Survey 2021-2022, India has become the third-largest Startup Ecosystem In the World. There are more than 70,000 startups in India with 93 Unicorns. Unicorns are companies having a valuation of more than $1 billion. With the growing numbers of startups, the government plans to provide better facilities to them.
However, starting a startup and leading it to the road to success are two different things. The government does provide better services for starting a startup. Yet, guiding a startup toward success can only be done by someone insightful. To process the needful, a group of Investors mostly successful entrepreneurs and senior leaders, came together under the brand name of Bharat Founders Fund.
What is Bharat Founders Fund?
Importance Of Bharat Founders Fund
List of Companies Bharat Founders Fund Has Invested In
How to Raise Funds From Bharat Founders Fund
What is Bharat Founders Fund?
Bharat Founders Fund (BFF) is an early age venture of 50+ investors looking forward to supporting startups. The group of investors includes successful entrepreneurs and senior leaders.
Amongst them, some popular names are Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 co-founders Vikram Chopra, Mehul Agrawal, and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker.
The tagline of Bharat Founders Fund is "By today’s leading founders, for the next generation of founders". The BFF is a group of successful Indian entrepreneurs globally looking forward to investing in early-stage ventures and providing them with backup support for building a future Bharat.
Bharat Founders Fund has its target of funding 100 companies each year. BFF has an approximate target of spending $20 million on investments with the spending of about $1,00,000 - $2,00,000 on each startup. The startups selected by BFF can be in their early form of an idea and then can be nurtured through the efforts of the BFF team and startup leaders.
The Fund and its process will be managed by Investopad partners Maanav Sagar and Sera Arora.
Investopedia is a firm helping startup leaders get where they are going by providing them with needed support from investors and mentors.
"The idea is to help these companies get access to the best mentorship and interact with a wide portfolio of our venture partners who have built successful startups,”, expressed Maanav Saagar on his thoughts on BFF ventures.
Importance Of Bharat Founders Fund
India is in its leading position for the introduction of startups. However, there is some lack of knowledge noticed when it comes to the subject of developing a startup. The best possible help for such situations can be mainly provided by the one who travelled the same path. Funds are another issue faced by startups. To help newly booming startups with funds and guidance, Bharat Founders Fund can be trusted.
“Today, founders and senior operators in a startup have created wealth through either successful exits or employee options (ESOPs) and are actively looking to give back and invest in startups. Bringing these founders together as venture partners will allow Bharat Founders Fund to connect its portfolio companies with senior startup operators which have the experience of taking an idea (or business) from zero to one,” expressed Sera Arora in an interaction with ET.
Apart from funding a startup, the Bharat Founders Funding team will be releasing playbooks at some intervals. These playbooks can be taken as a source of overcoming some
List of Companies Bharat Founders Fund Has Invested In
As per the recent updates, BFF has already invested in 20 companies. The list of companies is:
- Skillbee- Â A job offering platform.
- Admit Kard- Â An EdTech Startup.
- FIXCRAFT- A car service center.
- Yellow Class- A new-age learning platform.
- Schmooze- A dating app.
- Zorp- A software developing platform.
- Wegot- An IoT-based water management startup.
- Basic Home Loan- A Fintech company startup.
- Convin- A conversation intelligence software startup.
- Little leap- An online development platform.
- Bliss club- A Women's activewear brand startup.
- Qube Health- A mixture of Fintech and Health Tech platforms.
- Vaya- A financial service providing platform.
- Wealthy- A Financial service platform.
- Cloudchef- A Enterprise service company.
- Looppanel- A conversation intelligence tool.
- ThisDay- An internet publishing platform.
How to Raise Funds From Bharat Founders Fund?
Bharat Founders Fund is made to invest in early-stage companies with potential ideas. There are no proper eligibility criteria for any startups to look for. The Bharat Founders Fund will accept startups from all sectors as long as it catches the eyes of investors.
One can easily contact Bharat Founders Fund by filling up the form on the website bff.investopad.com with the needed details.
“We would like to invest and enter a company as early as possible. The idea is to help these companies get access to the best mentorship and interact with a wide portfolio of our venture partners who have built successful startups,” explained Maanav Sagar.
After funding the selected startups, investors will not lead their way to become the board members, instead, they will provide necessary decisions when required. The investor can hold the power to change or appoint a director when required.
Yash Gupta
Conclusion
Bharat Founders Fund is one of the biggest collaborations done by taking 50+ successful entrepreneurs and senior leaders on its team. They look forward to investing in potential startups and providing the needed support to startup leaders. The estimated amount to be spent on investments is around $20 million. BFF plans to invest in 100 companies each year.
FAQs
What is Bharat Founders Fund?
Bharat Founders Fund is a venture capital firm founded by 50 successful entrepreneurs of India. Some of the entrepreneurs are, Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 cofounders Vikram Chopra, Mehul Agrawal, and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker.
How to raise funding from Bharat Founders Fund?
You have to fill out a form on bff.investopad to reach out to Bharat Founders Fund.
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