Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups 

Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups 

SUMMARY

In the first phase, Sambandam’s family office will deploy INR 25 Cr to support 25 to 50 early stage startups

In the second phase, the VC firm will raise capital from LPs to make follow-on investments in startups funded during the first phase

MudhalVC has already invested in 15 early stage startups across diverse sectors, including foodtech, electric vehicles, healthtech, SaaS, and biotech

SaaS startup Kissflow’s founder and CEO Suresh Sambandam has floated a new venture capital (VC) firm to back idea stage startups in Tamil Nadu.

Called MudhalVC, the investment firm plans to invest close to INR 125 Cr in two phases over the next three to four years. In the first phase, Sambandam’s family office will deploy INR 25 Cr to support 25 to 50 early stage startups, with ticket sizes ranging between INR 25 Lakh and INR 1 Cr.

In the second phase, the VC firm will raise capital from limited partners (LPs) to make follow-on investments in startups funded during the first phase. As per the company, the second phase will span a period of three to four years.

In a statement, MudhalVC said that it has already backed 15 early stage ventures across sectors, including foodtech, electric vehicles, healthtech, SaaS, and biotech. These startups include Amura, Bversity, BookingBee, MeenSatti, Mushroom MaMa, Pickmyad, Social Gallery, InspectionOne, Bad Boy, Crrectmate, and Trashbotics, just to count a few.

The development comes at a time when a growing number of funds and VC in the Indian startup space are focussed on providing funding and guidance to early stage startups. As many as 78 early-stage VC funds launched in 2022, while another 31 early-stage funds with a total corpus of $1.8 Bn were unveiled in 2023. 

So far  this year, more than two dozen new early-stage micro VC funds (under $60 Mn in corpus) have launched with a total corpus of well over half a billion dollars. 

Earlier this month, early-stage VC firm Capital A launched its Fund II with a target corpus of INR 400 Cr. In September, another early-stage VC firm z21 Ventures also marked the first close of its $40 Mn Fund II at $20 Mn.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups -Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups -Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups -Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups -Inc42 Media
Kissflow’s Founder Suresh Sambandam Floats VC Firm To Invest INR 125 Cr In Idea Stage Startups -Inc42 Media
You’re in Good company