Top Decile Startup Fund TDV Partners Starts Their New Fund Of Rs 50 Cr

Early-stage focused micro venture capital firm Trillion Dollar Ventures (TDV) introduced their second fund with a total corpus of Rs 50 crore. The fund aims to back innovative founders with a global outlook from day 1, supporting companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup.

With this new fund, the venture capital firm said that it will invest in business models like platform plays, marketplaces, and exchange businesses across various consumer tech categories such as spirituality tech, fintech, gaming, creator economy, social, and consumer upgrade. TDV claimed that it is one of the few funds in India, focusing on new category-building segments like spiritual tech and consumer upgrades. The firm believes that it is at an inflection point to scout early-stage companies in these sectors and back some of the eventual category winners generating a multi-bagger opportunity for the fund.

Ujwal Sutaria, Founder, TDV Partners, said, “We want to back startups with potential of trillion dollar outcomes as our name reflects our genesis of backing startups. We believe in taking non-consensus bets which is where a fund makes the alpha. Our proven track record with the last fund has encouraged us to double the target corpus with the second fund and increase the average investment size too.”

The company said that the Fund has already been receiving strong commitments from limited partners (LPs) in India as well as across countries like the US, UK, UAE, and SG further validating the early-stage investment model and the high returns it can generate. The backers include top global unicorn founders, family offices and many chief experience officers (CXOs) across industries globally.

“There are few pre-seed focused funds in India, creating a bottleneck for visionary founders to raise capital quickly. We want to fill this market gap and provide support, access and growth to startups in addition to capital infusion,” he added.

The due diligence process at TDV Ventures places a strong emphasis on founders. Significant time is spent understanding what founders are building, why they are building it, their vision, and how they plan to execute. This includes exploring the type of company they aim to create. Alongside traditional evaluations such as market size, competitor landscape, and potential to win, TDV Partners also focuses on how they can add value to the founders and their startups, making this a key differentiator in the investment process.

TDV Partners anticipates making 10-12 investments annually. Ujwal, with six+ years of startup investing experience and having run TDV Partners for the past three years, has already backed more than 30 companies, half of which have gone on to raise subsequent funding rounds.