Seedfund started with the team- People that had hands-on experience with raw startups in India.
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... See More
Current Team (8)Update
3, Turf Estate, Shakti Mills Lane
Off. Dr. E. Moses Road, Mahalaxmi
Mumbai, 400 011
B3, 1st Floor, Sector 4
Onida, 201 301
Lone Star, First Floor, #33, Frazer Town
Bangalore, 560 005