Trillion Dollar Ventures (TDV), an early-stage venture capital firm, has launched its second fund, targeting a corpus of ₹50 crore (approximately $5.9 million). The new fund will focus on supporting pre-seed and seed-stage startups, with investment sizes ranging from ₹1 to ₹2 crore. The firm plans to invest in 10-12 startups annually, starting from the third quarter of the financial year 2024-25.
TDV’s new fund aims to back startups involved in platform plays, marketplaces, and exchange businesses across a variety of consumer tech sectors, including fintech, spirituality tech, gaming, and the creator economy. The launch follows the success of their first fund, which helped over 30 startups raise subsequent rounds of funding and generated an IRR of 60% and a MOIC of 3 within two and a half years.
Founded in 2021 by Ujwal Sutaria, TDV Partners has built a reputation for supporting startups from ideation through to fundraising. Commenting on the new fund, Sutaria said, “With our proven track record from the last fund, we are confident of replicating our success with a larger corpus and increased investment size. We aim to continue providing strategic guidance and growth opportunities to early-stage startups.”
TDV has actively participated in significant funding rounds, most recently backing Eternz, a Bengaluru-based jewelry marketplace, which raised ₹9.6 crore ($1.15 million) in May 2024. The firm is known for providing early exits to investors, making it an attractive partner for both founders and investors.
According to Inc42, Indian startups raised $5.3 billion in the first half of 2024, marking a 7% YoY increase. The fintech and enterprise tech sectors remain dominant in capturing the largest share of investments.
Key Highlights:
- ₹50 Cr Fund Launched: TDV’s second fund aims to support pre-seed and seed-stage startups, with an average investment of ₹1-2 crore.
- Proven Track Record: TDV’s first fund generated over 60% IRR and achieved a MOIC of 3 in just two and a half years.
- Target Sectors: Focus on platform plays, fintech, gaming, spirituality tech, and the creator economy for new investments.