The venture capital firm Trillion Dollar Ventures (TDV) has doubled the size of its corpus from the first fund by launching its second fund with a total corpus of Rs 50 crore. The new fund intends to assist Indian tech startups in their early stages.
With checks ranging from Rs 1-2 crore per startup, TDV intends to assist companies in the pre-seed and seed stages as well as innovative founders. The fund wants to work with and support these businesses.
The venture capital firm will fund platform plays, exchanges, and marketplaces in a range of business-to-consumer (B2C) consumer technology sectors, including social media, gaming, fintech, spirituality tech, gaming, and the creator economy.
TDV states that its investment approach is centered on supporting individuals who have founded multiple companies or have extensive domain knowledge, with a particular emphasis on high-tech, low-operation companies. The fund will take five to seven years to mature, during which it is anticipated to make ten to twelve investments each year, beginning with capital deployment in Q3 of FY25.
According to TDV, its first fund generated over 60% IRR and offered exit opportunities within two years of investment. Limited partners (LPs) in Singapore, the US, the UK, the UAE, and India have made strong commitments to the firm, confirming its early-stage investment model and high potential return. Prominent global unicorn founders, family offices, and C-level executives from diverse industries are among its supporters.
TDV, which was founded in 2021 by Ujwal Sutaria, aims to support more than 30 companies and is committed to investing in creative entrepreneurs and growing startups in a variety of industries, including fintech, gaming, spirituality tech, and consumer tech.
