Indian VC First Cheque secures around $5 million in funding

Oluwajuwonlo Afolabi -

India-based venture capital firm, First Cheque has secured $4.75 million in its second fund from global investors.

  • The fund will be deployed as $100 thousand per startup, with a focus on first-time founders.
  • The firm will invest in 50 startups in the next 18 months, it claims.
  • First Cheque works with teams of venture professionals including founders, managers, entrepreneurs, and experts to select startups for funding.
  • It has invested in over 100 startups in the last three years, with its portfolio including Fashinza, Giva, Fleetx, Wint Wealth, and Drink Prime among others.