247VC Launches INR 250 Crore India Fund to Back 30 Bold Seed Startups Across Deep Tech, Industry 5.0 & More
247VC announces its India Fund I with a corpus of INR 200 Crores and a greenshoe option of INR 50 Crores, thereby targeting a total of INR 250 Crores ($30 million). The fund is registered with SEBI as a Category II AIF and will invest in high-potential founders across sectors, as the first institutional cheque with follow-on capital in future rounds. 247VC plans to invest in 30 daring startups in the next 3 years.
Founded by Yagnesh Sanghrajka and Shashank Randev, both Operator VCs, experienced and well-recognised early-stage investors with an impressive track record and a collective 50+ years of operating, investing, and fund-raising experience.
While being sector agnostic, 247VC aims to focus on 4 major themes in this fund – Consumption, Deep Tech, Enterprise Tech and Industry 5.0. There are a host of sub-themes, thoroughly researched and curated to back the best-in-class entrepreneurs.
On the launch, Yagnesh Sanghrajka, Founder and Managing Partner, 247VC, mentioned:
“India is entering its most exciting startup decade. With this fund, we’re doubling down on our mission to back ambitious founders at the seed stage - those who are obsessed with solving hard problems and building for scale. With experience across 200+ early-stage investments, we know how tough the 0 to 1 journey is. Together with the ecosystem partners and co-investors, we’re committed to helping build companies that will shape a Viksit Bharat by 2047.”
247VC founders have backed some of India’s most daring startups like Knight Fintech, EMO Energy, abCoffee, Zeron, Vodex, Stupa Sports Analytics, Spare8, 50Fin, Wrap2Earn, Breathe ESG, Roopya, Arthum, Bugbase, Hummsa Bio, ThinkMetal, Luzo, Coolberg and others. Their early conviction in bold ideas, often before the market fully recognised them, has led to exceptional outcomes.
Leveraging deep founder empathy, operational expertise, and high-velocity decision-making, the team has driven multiple successful exits too, with returns soaring upwards of 70X multiples, reinforcing their reputation as value creators in India’s early-stage venture landscape.
Shashank Randev, Founder and General Partner, 247VC, added:
“We’ve spent the last decade backing founders, building with them, and learning from every cycle of scale. This fund is not just a next step, it’s a focused leap toward the kind of audacious innovation Bharat needs. Our edge is hands-on experience, deep networks, and a relentless belief in our founders solving meaningful problems. We want to enable the next category-defining companies, especially where markets are still forming or yet to be discovered.”
247VC has some marquee early backers like Sachin Tagra, Managing Partner at JSW Ventures, Vivek Mathur, ex-Partner at Elevation Capital and Shailendra Majmundar, Gen AI and Machine Learning (ML) expert, John Hopkins University, to name a few.
About 247VC
247VC is India's go-to “Seed” fund backing legendary founders as the first institutional cheque with follow-on capital in future rounds.
247VC is a team of domain expert Operator VCs, bringing battle-tested experience and unwavering focus to every venture. Intellectual capital is greater than everything. They partner with bold insurgents, the ones rewiring Bharat’s destiny with audacity and execution.
247VC is a SEBI-registered CAT II AIF.
Apoorva Bajj
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