PC: Medial
Early stage venture capital firm 2am VC has formally announced the launch of its second fund 2am VC Fund II. With this new fund, the firm plans to help build the Indian startup ecosystem, through investing in up to 30 startups in areas of consumer tech, fintech, food and beverage, and the like, including artificial intelligence (AI), and global SaaS. It is another initiative for the New India opportunity that we are pushing with 2am VC.
The focus of Fund II will be pre seed to seed stage startups that they look to lead invest rounds and gain very large ownership stakes in order to provide operational value to founders. The fund will allocate 60 percent for the initial investments while 40 percent for the subsequent follow-on investments to continue supporting the founders as they build their businesses.
Hyperlocal and Hyperglobal Partnership
Hershel Mehta and Brendan Rogers founded 2am VC in 2021 with the idea of 2am VC being a hyperlocal partner between Indian founders and global investors. If you blend the best approach of Eastern and Western business cultures, the firm has offices in Mumbai, Bengaluru, Delhi NCR and Los Angeles under the firm’s India Beachhead Strategy. With 2am VC, we can provide Indian startups access to international resources, at the same time as curating high quality deal flow for global investors.
It’s a firm that happens to be founded by founders, and that’s a driving theme of this firm, which is fast, transparent, and what brings about the synergy with cross-border, so this firm with 2am VC plays an active role in helping founders by helping us find strategic relationships, helping us find customers, helping us help to get product market fit into growth.
Insights on the New India Opportunity
2am VC focuses on startups addressing uniquely Indian contexts and emerging needs. With the maturation of foundational business models, the firm believes there is significant potential in niche categories that cater to India’s evolving market demands. This vision aligns with the firm’s philosophy of being both hyperlocal and hyperglobal, ensuring founders receive comprehensive support to scale locally and globally.
Fund I Success and Notable Investments
Before the launch of Fund II, 2am VC had closed its $10 million Fund I, through which it invested in 47 companies. Notable startups in its portfolio include NEWME, Apna Mart, Bimaplan, and Karbon Card. These investments highlight 2am VC’s ability to identify and back high-potential startups that align with its mission to drive the next wave of innovation in India.
The Road Ahead
2am VC is doubling down on its vision of empowering Indian entrepreneurs through Fund II. The firm, which aims to play a pivotal role in creating India’s startup landscape, focuses on the New India opportunity and its operational agility and institutional expertise, to position itself. 2am VC represents a unique and definitely sought after partner for startups invested in building a local impact as well as a global import.
2am VC’s dedication to innovation and founder success will surely aid India’s economic growth and worldwide place as a technology and innovation country.
