Venture capital firm 247VC has officially launched its inaugural investment fund, with a focus on early-stage startups across India. The fund has a base corpus of ₹200 crore, with a green-shoe option of an additional ₹50 crore, and is registered under SEBI’s Category II Alternative Investment Fund (AIF) regulations.
Founded by seasoned investors Yagnesh Sanghrajka and Shashank Randev, both of whom previously co-founded 100X.VC, 247VC represents their next venture in fostering India’s startup ecosystem. The duo exited 100X.VC in late 2024 to establish this new platform.
Over the next three years, 247VC aims to invest in approximately 30 startups, with an average ticket size of ₹7 crore per company. Initial investments will typically range from ₹3–4 crore, with follow-on funding contingent on the portfolio company’s performance.
The fund will primarily back ventures in consumer-facing sectors, enterprise software, advanced manufacturing, and deep technology, signaling a strategic focus on scalable and innovation-driven businesses.
Some of the fund’s early backers include JSW Ventures’ Sachin Tagra, former Elevation Capital partner Vivek Mathur, and AI expert Shailendra Majmundar from Johns Hopkins University.
The team aims to complete the first close of the fund within four months. Sanghrajka said that while funding at the early stage is facing headwinds, larger investors entering seed rounds has opened doors for partnerships. The firm hopes to co-invest with bigger funds as part of its strategy.
In the past, the founding team has backed startups like Knight Fintech, abCoffee, EMO Energy, and Zeron.
