Volt VC Floats Early Stage Fund To Back Consumer-Focused Startups

SUMMARY

Volt VC has launched its early-stage focused maiden fund with a target corpus of INR 45 Cr

The fund will focus on pre-seed investments in consumer-focused businesses across sectors like D2C, B2C and B2B2C models

Founded in July 2023 by Patel, Volt VC supports pre seed stage startups. The firm also offers strategic guidance, market research, product development, branding, fundraising strategies and access to a wide network of industry experts

Gujarat-based micro venture capital firm Volt VC has launched its early-stage focused maiden fund with a target corpus of INR 45 Cr.

The SEBI-registered Category II Alternative Investment Fund (AIF), Volt VC Fund-1, will focus on pre-seed investments in consumer-focused businesses across sectors like D2C, B2C and B2B2C models, the VC firm said in a statement.

The fund seeks to invest in 20-25 startups at the pre-seed stage with a cheque size between INR 50 Lakh and INR 2 Cr.

Volt VC aims to close its first fund in the next 3-4 months, with plans to invest in early stage startups across various sectors within the next one year.

“Volt VC steps in to bridge this gap by providing essential resources, strategic guidance, and funding to help transform early-stage startups into successful, impactful businesses. Our mission is to empower entrepreneurs across the country, ensuring their visionary ideas receive the backing they need to become successful ventures,” said Param Patel, general partner, Volt VC.

He added that Gujarat has consistently been a leader in startup development, supported by strong government initiatives in infrastructure and grants. However, the absence of micro VC funds for pre seed stage startups led to the creation of Volt VC.

This development comes at the heart of VCs and private equity players intensifying their investments in Indian startups.

Last month, real estate investment management firm Altern Capital launched its maiden fund, targeting INR 250 Cr. In the same month, alternative financing firm Anicut Capital marked the final close of its maiden pre-IPO equity fund at INR 300 Cr.

In June, Cedar-IBSi Capital secured a significant commitment from Riyadh-based HFPCG for its $30 Mn debut fund. Neo Group’s asset management arm Neo Asset Management marked the final close of its maiden special credit opportunities fund at INR 2,575 Cr.