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General Information

Funds

Offices

HQ
3, Turf Estate, Shakti Mills Lane
Off. Dr. E. Moses Road, Mahalaxmi
Mumbai, 400 011, IND
Bangalore, USA
Lone Star, First Floor, #33, Frazer Town
Promenade Road
Bangalore, 560 005, USA
Noida, USA
B3, 1st Floor, Sector 4
Noida, 201 301, USA

People

Partner, Mumbai
Partner, Mumbai
Partner, Bangalore
Venture Partner
Executive Director, Mumbai
Executive Director, New Delhi
Investment Analyst
Principle

Tags

SeedFund

Seedfund started with the team- People that had hands-on experience with raw startups in India. Pravin Gandhi and Bharati Jacob came from Infinity Venture, the fund behind Indiabulls, Indiagames and the like. Mahesh Murthy came from Passionfund, where he backed Geodesic, Pinstorm and other successes.

Then the fund size - From their experience, they figured the right amount of funding for an Indian startup wasn’t in the millions or in tens of millions of dollars range. It was closer to about $500,000. They also figured they could work closely with about 15 or 20 companies over the next 5 years - and hence arrived at a fund size of about $15 million. They can therefore invest from Rs. 1 to 5 crores in a startup company. That probably makes us India’s smallest VC fund - but, hey, small can be beautiful.

Next, the target sectors - They decided to stick close to businesses they know - and sectors that can make a big difference, not just in the global market - but in the large Indian market too. So they’re looking mostly at internet or media or mobile or telecom or retail or consumer-facing plays - and also for things that aren’t yet sectors┬Ł.

On to the investors - In this market, money is cheap - but the right money makes the difference. They wanted limited partners that could add significant strategic value to their startups - and they’ve been lucky enough to end up with a dream team here too: institutions like Motorola Ventures, Reliance ADA Group, SVB Financial Group, an affiliate of Silicon Valley Bank, Sierra Ventures, Mayfield Fund, Edelweiss Capital - and individuals like Kanwal Rekhi, KB Chandrashekhar, B V Jagadeesh and Sridar Iyengar.

Recent Milestones

Investments

Company Date Round Size Participants
Browntape 4/2014Seed2
Voonik.com 2/2014Seed$500k1
Heckyl 12/2013Series B$3.5M2
AxisRooms 9/2013Venture Round1
MyDentist 2013Venture Round$10M2
Jeeves 6/2012Angel1
LurnQ 6/2012Seed1
Innoz 4/2012Series A1
Heckyl 1/2012Angel$1M1
Fetise.com 12/2011Series A$5M1
redBus.in 3/2011Series C$6.43M3
redBus.in 6/2009Series B$1.69M3
Lifeblob 8/2008Seed$1M1

Videos

Sources

  1. BrownTape Raises Funding From Seedfund And Ganesh Krishnan To Expand Operations (watblog.com) [edit]
  2. Citation Needed [add]
  3. IDG Ventures leads $3.5 mn Series B round in Heckyl Technologies (startupcentral.in) [edit]
  4. SaaS startup, AxisRooms secures funds from Seedfund Advisors (indiadigitalreview.com) [edit]
  5. India Startup Funding Digest 2013 (slideshare.net) [edit]
  6. Jeeves raises first round of funding from Seedfund (yourstory.in) [edit]
  7. VCCircle (techcircle.vccircle.com) [edit]
  8. INNOZ Raises First Round of VC Funding from Seedfund (yourstory.in) [edit]
  9. Heckyl Raises Angel Investment of $1 Million Dollars (yourstory.in) [edit]
  10. Fetise raises $5 million Series A funding from Seedfund (yourstory.in) [edit]
  11. Citation Needed [add]
  12. Citation Needed [add]
  13. LifeBlob receives 1mn$ from SeedFund (pluggd.in) [edit]
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Last Edited 4/4/14

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