Starting with a micro Venture capital firm from Ahmedabad, Volt VC has come forward to address the early-stage startups’ needs by announcing the launch of its first fund, the Volt VC Fund-1. The registered AIF with SEBI coming under Category II, seeks to fill the gap of early-stage funding and provide broader services to budding start-ups in India.
Image Source: Volt VC
Target Corpus and Consumer-Centric Focus
Volt VC Fund-1 has been launched with an aspiration to reach the size of Rs 45 crore. This fund will help to sustain numerous startups during their pre-seed stage when the industry lacks adequate funds. The primary niche field that this fund targets supporting is consumer-oriented business solutions. It is intended to support new economy founders creating companies in numerous industries, with a focus on D2C, B2C, and B2B2C markets.
Early-Stage Ventures
In an interview with Param Patel, the Founder and General Partner at Volt VC, the official said India is experiencing growth in consumption-based innovation-focused startups. However, when it comes to the pre-seed stage, there is little support and even less funds to help these ideas grow into successful businesses. To close this gap, Volt VC offers support in the form of resources, strategic direction, and capital to develop early-stage startups into significant enterprises.
Startup Development in Gujarat
Gujarat has always been on the top in its startup development, which has benefitted from good government policy and the presence of infrastructure. However, there has been a noticeable lack of micro VC funds dedicated to pre-seed startups specifically. The founders want to make Volt VC the first micro VC from Gujarat to meet this need.
Growth Policy of Volt VC
As for the growth policy, Volt VC focuses mainly on supporting early-stage startups and encouraging innovation. Pre-seed stage funding is still largely a problem, and this is exactly what Volt VC intends to address. They are aware of the fact that this stage is crucial for startups yet many of them don’t receive adequate attention. As the primary support in those early stages, Volt VC invests fundamental resources and capital into promising ventures. The fund targets sectors such as D2C, B2C, B2B2C, and other innovations that are aimed at consumers. They aim to support innovative thinkers who are developing organizations with a customer-centric perspective.
Besides the capital, Volt VC provides advisory services, market research support, and product guidelines. They facilitate interfaces between startups and subject matter experts and provide all the necessary resources for startup growth. Being the first micro VC originating from Gujarat, Volt VC has the potential to significantly support the development of the state’s startup sphere. Their presence will help improve access to funds and knowledge for local players.
Future Prospects
Volt VC is looking forward to closing down the first fund of the VC firm within the next 3-4 months. It will be their first step towards funding and developing early-stage start-up businesses. In the next twelve months, Volt VC aims to expand its reach in super early-stage deals. Their passion for supporting inspired entrepreneurs has not waned in any way.
Conclusion
Volt VC’s first fund initiates a ray of hope for first-time founders or pre-seed businesses, enabling them to support their innovative ideas and transform them into successful business ventures. The growth policy adopted by Volt VC targets early-stage funding, sector-based specialization, and composite solutions.
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