Invest with First Cheque
₹32.5L (₹10,00,000)
Typical Investments
2
Deals Last 12 Months
273
Unique LPs have invested
Note from First Cheque
We are a pre-seed/seed stage fund run by founders and for founders. We believe great founders and builders are great at spotting other great founders and builders, and our thesis to trust their judgement!Great Founders have two investment edges :
- They know the team they are backing who could be ex-colleagues, friends, college batchmates etc.
- Because of the company they are running, they operate at the bleeding edge of the technology/market and they usually can see trends before others can.
Quality of the team and size of the market are the two things that matter most in early stage investing and that's why we believe our founder angels (Venture Partners) will out-perform.
We have put together a superb group of founders from across India - folks who have built and sold tech companies or who have operated tech products at scale. Some of our Venture Partners are:
- Farid Ahsan : Co-Founder of ShareChat
- Aprameya Radhakrishna : Co-Founder of Taxi-For-Sure (exit to Ola) and now Vokal
- Farooq Adam : Co-Founder at Fynd
- Harpreet Singh Grover : Co-Founder of CoCubes (exit to Aon-Hewitt)
- Gaurav Munjal : Co-Founder at Unacademy , earlier founded and exited FlatChat to CommonFloor
- Pawan Gupta : Co-Founder at Curofy
- Sourabh Sharma : SVP-Digibank, Earlier Mobile Product Lead at PayTm and founder at Milaap
- Jyothirmayee JT : Co-Founder of Hiveminds and
- Sidu Ponnappa : Member of Board and India Head at Go-Jek
- Ranjith Radhakrishnan : CPO @ Byju's
- Srikrishnan Ganesan : Built and exited Hotline to FreshWorks (now called FreshChat)
- Rohit Taneja : Built and exited MyPoolin (Accel backed payments company) to Weibmo
- Ketan Kapoor : Built and exited Mettl to Mercer
- Gaurav Bhatnagar : Co-Founder of Travel Boutique Online Group
Our Venture Partners invest a minimum of Rs 5Lakh in the company they are backing and we co-invest Rs10-15Lakh with them. Through our network, we hope to do 2-3 deals every month and do about a 100 deals in three years.
First Cheque's LPs are marquee VC funds and some noted HNIs. Our goal is to invest in these companies early and then help them raise an institutional round of capital.
Dealflow
Our deals are sourced primarily through our venture partner network. They usually invest in folks they know personally or have worked with in some capacity.
Being successful founders themselves, many young teams also approach them for advice/help/ mentorship and they then decide to invest after spending some time with them.
All deals will not be syndicated. There are many deals where the startup already has another lead and we have a small allocation. There are also deals where we are the first ones to say yes and are leading the round - here we would have a larger allocation.