India-focused venture firm Better Capital, has raised its maiden fund to scale its pre-seed and seed investment strategy backing Indian founders building for India and building for the world. With a growing portfolio of 125+ companies & several breakout stories like Open, M2P Fintech, Teachmint, Slice, Jupiter, Khatabook & others who are on the path to becoming unicorns, Better Capital continues to be a sought-after venture firm.
Better Capital Ventures I is a US$ 15.28 million fund backed by investors who are former or current leaders at Meta (Facebook), Google, Uber, LinkedIn, Tiger Global, TPG, other top 10 growth venture and hedge funds, The World Bank and more. All backers were carefully selected based on the value add they would bring to the Better Capital portfolio and founders. Based on Better’s track record of investing in India’s breakout companies since 2018, the fund was oversubscribed in record time.
“I have been humbled by the quality of leaders we have been able to partner with for our maiden fund. Our LPs are not just extremely accomplished leaders but they are deep believers in what we are doing at Better and want to actively support our founders,” said Vaibhav Domkundwar, founder and CEO, Better Capital.
“We have been fortunate to partner with several disruptive companies and have created a playbook to collaboratively co-build with founders from the idea stage and bring the right set of resources including access to top tier operators & global funds”, added Vaibhav Domkundwar about partnering with the best founders at the earliest stages.
“Our partnership with Better Capital at the founding stage was instrumental in ensuring rapid execution from Day 0 and unlocking our rapid growth journey – the big picture thinking about what we can be, balanced with WoW growth focus was invaluable for us,” said Mihir Gupta, Co-Founder and CEO, Teachmint.