First Cheque
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Pre-Seed, Seed, Early Stage
Geographical Focus
India
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Real Estate
- Telecommunications
- Media
- Education
- Agriculture
- HealthTech
- EdTech
- FinTech
- E-commerce
- Logistics
- SaaS
- Transportation
- Manufacturing
- Entertainment
- Deep-Tech
- ClimateTech
- Cleantech
- AI
- Spacetech
- D2C
- HR-Tech
Investment Size:
100,000 to 500,000 USD
Investor Details Founded: 2018
First Cheque is a Bengaluru-based early-stage venture capital firm specializing in pre-seed and seed investments in technology startups. Founded in 2018 under the umbrella of India Quotient Venture Capital, the firm has raised multiple funds, including a ₹38 crore second fund in July 2022, aiming to invest in around 50 startups over the next 18 months. The firm primarily invests $100,000 at a $2 million valuation for early-stage and pre-seed startups.
The firm's investment strategy is sector-agnostic, with a particular interest in direct-to-consumer (D2C) startups. First Cheque has backed companies across various sectors, including software development, e-commerce, and edtech. Notable investments include Kaching, Mall91, and Seekho. The firm has also expressed interest in emerging sectors such as space tech, cleantech, and climate-tech.
First Cheque aims to back aspirational founders with a focus on new category creators and those turning chaos into order. The firm emphasizes supporting founders throughout their journey, offering a comprehensive program, an engaged founder community, and demo days to act as catalysts for first-time founders. The firm has invested in over 130 startups, including Giva, Rocketlane, Seekho, Fleetx, DrinkPrime, and Simplismart.
Requirements
- Innovative business model
- Scalable growth potential
- Strong founding team
- Clear market demand
- Sustainable competitive advantage
- Aspirational founders
- New category creators
- First-time founders
- Pre-seed and seed stage startups
- Technology-focused startups
- D2C startups
- Emerging sectors like space tech, cleantech, and climate-tech
Contact
[Official Website Hidden]
[LinkedIn Profile Hidden]
Portfolio Companies
- Giva
- Yobushu
- Wint Wealth
- Seekho
- SimpliSmart
- Kaching
- Mall91
- Rocketlane
- Fleetx
- DrinkPrime
Mentioned In
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$39.95
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$24.95
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$19.95
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$14.95
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