Operator Venture Firm Veda VC, an early-stage venture capital fund, has declared the first close of its Rs 250 crore corpus led by well-known family offices and startup CXOs. The Venture Firm invests in early-stage – seed to pre-series phases.
The SEBI-registered Category 1 AIF, fund invests between $250,000 and $1.25 million in technology and tech-enabled ventures in India across consumer internet, SaaS, fintech and deep tech sectors.
Founded in 2019, as an Operator VC, Veda is helmed by former startup founders and operators Vasant Rao and Ashis Nayak (Autoninja), Avijeet Alagathi (BYG), and Venus Dhuria (Appyhigh). The Venture Capital firm has a pool of experts to identify and invest in frontier technologies such as AI/ML, Computer Vision, and space tech.
Veda VC is among the most active seed investors
“In 2019, we began as a community of founders aiming to assist other founders at the angel stage. Veda has become one of the most active seed investors, investing approximately $10 million annually across various startups,” said Vasant Rao, Founder and Managing Partner, Veda VC, in a news release.
The fund aims to partner early in a startup’s journey. Besides infusing capital, the team also imparts domain knowledge, ecosystem network, execution skills and craft to help portfolio companies reach PMF, scale faster, and raise follow-on capital.
“As operators, we understand how tough the founder’s journey is and having seen the ups and downs of building and scaling up a startup, we decided to start Veda to enable seed-stage founders with the knowledge and network to make better decisions,” added Avijeet Founder and Managing Partner, Veda VC.
An Operator VC is a VC fund which is founded by operators/ex-entrepreneurs and also works actively with portfolios on various operational aspects like GTM strategy, marketing, hiring, etc.
Veda VC has so far invested in 46 startups, more than half of whom have raised subsequent capital from marquee investors like Sequoia, Accel, Kalaari Capital, Mayfair, 3one4 Capital, and more. The fund’s portfolio includes Dukaan, Elo Elo, One Impression, Even Health, Rigi, and Agnikul among others.