HomeNewsWEH Ventures Launches Second Early Stage Fund, Targets Rs 100 cr Corpus

WEH Ventures Launches Second Early Stage Fund, Targets Rs 100 cr Corpus

Reader's Pick

WEH Ventures,  an early-stage fund, has announced the launch of its second fund of 100 Cr to continue supporting startups focusing on India-first problems. Fund II is a successor vehicle to WEH Ventures’ maiden early-stage fund launched in 2017 which has seen the class-leading performance.

The fund is focused on its approach- it plans to invest in 18-20 startups at an early stage and would seek to back them over multiple follow-on rounds. WEH Ventures has been the first institutional investor in the majority of startups it has funded so far and it aims to maintain this approach. Investments are well underway from the second fund- Unbox Robotics, a warehouse automation startup that uses a plug & plays swarm robotics to improve package sorting productivity is one of the first. Other investments from Fund II include a DTC Brand, a Community-first app for Bharat, and a Gaming studio. The fund is sector agnostic and invests in solutions that are built ground up for solving problems primarily targeting the Indian economy. 

“We are delighted to announce the launch of our second fund to further progress our journey to back missionary founders who are seeking to solve India-first problems at an early stage.  Spurred by the phenomenal success of our first fund,  investors have reiterated their faith in us and we hope to continue to deliver compelling returns for them over a long period.” Shared Deepak Gupta, Founding Partner, and Rohit Krishna, General Partner at WEH Ventures in a joint statement.

Founded by Deepak Gupta and Rohit Krishna, WEH Ventures launched its first fund in 2017 which has performed phenomenally well. Some of the prominent companies from Fund I include smallcase, Pratilipi, Trell & Animall. 

- Advertisement -

The typical cheque size at WEH Ventures is up to INR 3 crores in the first round with substantial reserves to support the company in subsequent rounds. The second fund has so far raised well over half its targeted corpus from CEOs and CXOs of major corporations in India and reputed family offices.  

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

Leveraging EdTech to create an Inclusive Education Model

It's not just the educationists who are thinking about education. Leaders in ev...

Google joins Progcap $40 million funding round

Progcap, a New Delhi-based fintech platform for small and mid-size businesses (...

Three Wheels United, Eqaro partners with Log9 Materials for affordable EV financing

Three Wheels United (TWU), a global fintech company for EV financing, has colla...