Veda VC, an early-stage venture capital fund, has made the first close of its Rs 250 crore seed fund. The fund was oversubscribed by 3x, with participation from family offices, high net worth individuals, and strategic investors.

Veda VC is focused on investing in early-stage startups in the technology and tech-enabled sectors, such as SaaS, fintech, and deep tech. The fund is looking to invest in startups that have strong teams, a clear vision, and the potential to scale rapidly.

The fund is led by Vasant Rao and Ashis Nayak, both former startup founders and operators. Rao is the former CEO of Autoninja, while Nayak is the former COO of BYG.

Veda VC is the latest entrant into the Indian venture capital landscape, which has been growing rapidly in recent years. The Indian startup ecosystem is now home to over 60,000 startups, and the sector is expected to attract over $100 billion in investment in the next few years.

The first close of Veda VC’s seed fund is a sign of the growing confidence in the Indian startup ecosystem. The fund’s focus on early-stage startups is also a reflection of the trend of investors looking to get in on the ground floor of promising companies.

Veda VC is well-positioned to succeed in the Indian venture capital market. The fund has a strong team with deep experience in the startup ecosystem, and it is backed by a strong network of investors. I am confident that Veda VC will be a successful fund and will help to shape the future of the Indian startup ecosystem.

Here are some of the key takeaways from the news:

  • Veda VC is a new early-stage venture capital fund that is focused on investing in technology and tech-enabled startups in India.
  • The fund has made the first close of its Rs 250 crore seed fund, which was oversubscribed by 3x.
  • The fund is led by Vasant Rao and Ashis Nayak, both former startup founders and operators.
  • Veda VC is well-positioned to succeed in the Indian venture capital market due to its strong team and network of investors.

Here are some of the implications of the news:

  • The first close of Veda VC’s seed fund is a sign of the growing confidence in the Indian startup ecosystem.
  • The fund’s focus on early-stage startups is also a reflection of the trend of investors looking to get in on the ground floor of promising companies.
  • The success of Veda VC will help to shape the future of the Indian startup ecosystem by providing much-needed capital and support to early-stage companies.