247VC, a venture capital firm, has announced its India Fund I, its first investment fund focused on early-stage startups in India with a corpus of ₹200 crore and a greenshoe option of ₹50 crore, thereby targeting a total of ₹250 crores ($30 million).
The fund is registered with SEBI as a Category II AIF and aims to invest in high-potential founders across sectors, as the first institutional cheque with follow-on capital in future rounds. 247VC plans to invest in 30 startups in the next 3 years.
While being sector agnostic, 247VC aims to focus on 4 major themes in this fund, Consumption, Deep Tech, Enterprise Tech and Industry 5.0. There are a host of sub-themes, thoroughly researched and curated to back the best-in-class entrepreneurs.
Founded in 2025 by Yagnesh Sanghrajka and Shashank Randev, 247VC has some marquee early backers like Sachin Tagra, Managing Partner at JSW Ventures, Vivek Mathur, ex-Partner at Elevation Capital and Shailendra Majmundar, Gen AI and Machine Learning (ML) expert from Johns Hopkins University.
Yagnesh Sanghrajka, Founder and Managing Partner, 247VC, said, “India is entering its most exciting startup decade. With this fund, we’re doubling down on our mission to back ambitious founders at the seed stage – those who are obsessed with solving hard problems and building for scale. With experience across 200+ early-stage investments, we know how tough the 0 to 1 journey is. Together with the ecosystem partners and co-investors, we’re committed to helping build companies that will shape a Viksit Bharat by 2047.”
Shashank Randev, Founder and General Partne, 247VC, said, “We’ve spent the last decade backing founders, building with them, and learning from every cycle of scale. This fund is not just a next step, it’s a focused leap toward the kind of audacious innovation Bharat needs. Our edge is hands-on experience, deep networks, and a relentless belief in our founders solving meaningful problems. We want to enable the next category-defining companies, especially where markets are still forming or yet to be discovered.”
