2am VC, an early-stage venture capital firm focused on India, has introduced its second fund and plans to invest in up to 30 Indian startups.
The firm said the new fund will focus on consumer tech, fintech, food and beverage, AI and global SaaS. 60% of the fund will be used for initial investments, and 40% will be reserved for follow-on investments to support founders through later stages of growth.
Supporting India’s next generation of founders
2am VC has offices in Mumbai, Bengaluru, Delhi NCR and Los Angeles, and connects global investors with Indian founders by serving as a hyperlocal partner.
Founding Partners Hershel Mehta and Brendan Rogers said they want to debunk misconceptions about India’s startup ecosystem and bring fresh energy to an emerging market they call the “New India” opportunity.
“Leveraging our extensive resources in the Indian ecosystem accumulated through years of startup investment and first-hand experience building companies from the ground-up, 2am VC strives to provide best-in-class support and resources to help Indian founders bring their businesses to the next level,” said Mehta.
“We recognise that the next stage of development of Indian startups will be driven by young and first-time Indian founders building companies that are uniquely Indian, and we at 2am VC aspire to be their guides in bringing these dreams to life,” said Rogers.
The firm closed a $10 million Fund I and has already invested in 47 startups. Its portfolio includes startups such as NEWME, Apna Mart, Bimaplan and Karbon Card.
Launched in 2021, 2am VC blends Indian and international perspectives to support founders who are tapping into India’s rapidly evolving consumer markets.
