The official launch of 2am VC Fund II has been announced by 2am VC, an early-stage venture capital firm that exclusively operates in India. The fund will make investments in cutting-edge sectors brought about by the New India opportunity, such as global SaaS, fintech, food & beverage, consumer tech, and artificial intelligence.
Fund II intends to invest in up to 30 Indian startups, primarily at the pre-seed to seed stage, with the goal of leading investment rounds and acquiring significant ownership in businesses to give founders operational value, according to 2am VC. Forty percent of the fund will be used to assist founders with subsequent investments, with the remaining sixty percent going toward initial investments.
As a hyperlocal partner, 2am VC links international investors with Indian founders, curating deal flow for international investors into the next generation of Indian founders while granting Indian founders access to global resources that enable them to access global networks and opportunities. The company combines operational agility and institutional procedures to successfully close deals and go above and beyond to assist founders. It is committed to speed, transparency, founder-friendliness, and cross-border synergies.
According to 2am VC, it looks at the main factors propelling the New India as entrepreneurs create businesses that capitalize on distinctively Indian contexts to better serve Indian end users. New niche categories that address new needs are emerging as foundational models mature.
By introducing important contacts, setting up clients, and providing focused advice to support growth and attain product-market fit, the company goes above and beyond to assist founders as their hyperlocal and hyperglobal partners.
The $10 million Fund I has been closed by 2am VC. Notable startups like NEWME, Apna Mart, Bimaplan, and Karbon Card are among the 47 businesses in which 2am VC has invested to date.
2am VC is an early-stage Indian venture capital firm that invests in creative startups. It was founded in 2021 by Hershel Mehta and Brendan Rogers. Through its India Beachhead Strategy, 2am VC, which has offices in Mumbai, Bengaluru, Delhi NCR, and Los Angeles, combines the best elements of the East and West.
