Volt VC , a micro venture capital (VC) firm, announced the launch of its inaugural fund on Wednesday. The Volt VC Fund-1 aims to raise a corpus of Rs 45 crore to invest in around 20-25 consumer-centric startups at the pre-seed stage across various sectors, with a particular focus on direct-to-consumer (D2C), business-to-consumer (B2C), and business-to-business-to-consumer (B2B2C) models.
Volt VC was founded by param patel ,who previously led startup investments at Gujarat Venture Finance Limited (GVFL) and served as the chief investment officer and a founding fund team member at the asset tokenisation platform, Terazo.
The fund plans to write cheques ranging from Rs 50 lakh to Rs 2 crore, with investments pooled from ultra-high-net-worth individuals (UHNIs), entrepreneurs, and startup founders. The fund is expected to close within the next three to four months.
Patel also mentioned plans for follow-on investments in around five winner startups from the first fund as they progress to the seed stage.
This development comes amid a wave of new domestic funds and micro venture capital firms emerging in India, which are backing startups at very early stages with smaller cheques compared to established VC firms.