Trillion Dollar Ventures (TDV), a venture capital firm, has launched its second fund with a corpus of Rs 50 crore, doubling the size of its first fund. This Fund II aims to fuel early-stage tech startups in India, targeting companies in the pre-seed and seed stages. The announcement marks a significant step forward for the venture capital ecosystem, as TDV continues to back innovative founders across high-growth sectors.
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Doubling Down on Early-Stage Tech Startups
Since its inception, Trillion Dollar Ventures has positioned itself as a key player in India’s venture capital landscape. With the launch of Fund II, the firm seeks to provide crucial financial support to startups in their early stages, particularly those working in emerging tech categories such as fintech, gaming, spirituality tech, and consumer tech. TDV’s investment strategy includes cheque sizes ranging from Rs 1 crore to Rs 2 crore per startup, based on their potential and market opportunities.
The firm’s primary objective is to collaborate with and nurture innovative founders, offering not only capital but also strategic guidance. The goal is to fuel growth and help these startups scale by providing resources and mentorship during the critical early stages of their journey. TDV is particularly focused on business models such as platform plays, marketplaces, and exchange businesses within the B2C (business-to-consumer) space.
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Focus on High-Tech, Low-Operation Business Models
A key aspect of TDV’s approach is its focus on high-tech, low-operation businesses. This investment strategy is designed to back serial entrepreneurs or founders with deep domain expertise, allowing them to scale efficiently without the burden of high operational costs. Sectors like fintech and spirituality tech offer ideal opportunities for businesses that can grow rapidly while keeping operational complexities low.
With backing from top global unicorn founders, family offices, and CXOs across industries, TDV has a solid foundation of support from its limited partners (LPs). The fund has already attracted significant commitments from investors in India, the US, the UK, the UAE, and Singapore, reinforcing its global reach and appeal.
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Targeting 10-12 Annual Investments
TDV plans to make 10 to 12 investments annually, with capital deployment starting in Q3 FY25. This steady investment pace allows the firm to carefully select startups that align with its high-growth, high-tech vision. Each investment is expected to have a lifecycle of 5 to 7 years, giving startups the necessary time to mature, scale, and potentially offer exit opportunities to investors.
TDV has already proven its ability to deliver strong returns. Its first fund generated an impressive 60% internal rate of return (IRR), offering exit opportunities within just two years of initial investment. This performance has solidified TDV’s reputation as a high-performing venture capital firm in the early-stage investment space.
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Expanding Across Diverse Tech Sectors
TDV’s focus extends beyond traditional tech sectors. One area of interest is spirituality tech, a growing market in India’s startup ecosystem. As more consumers turn to digital platforms for personal growth and well-being, startups tapping into this space are poised for success. TDV’s interest in sectors like fintech, gaming, the creator economy, social media, and consumer upgrades also highlights the firm’s broad vision of what constitutes a high-potential startup.
In addition to its commitment to innovative sectors, TDV emphasizes the importance of backing the right founders. The firm prefers serial founders or those with deep domain expertise, ensuring its investments are placed in the hands of experienced leaders who can navigate the challenges of scaling a business.
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Conclusion
With the launch of its Rs 50 crore Fund II, Trillion Dollar Ventures is doubling down on its mission to back India’s most promising early-stage tech startups. By focusing on high-tech, low-operation businesses and targeting sectors with high growth potential, TDV is well-positioned to make a significant impact on India’s startup ecosystem. As the firm continues to deploy capital and nurture innovative founders, it aims to replicate the success of its first fund and help build the next generation of tech-driven companies in India.
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TDV’s track record of generating strong returns, combined with its focus on emerging tech sectors, makes it a key player to watch in the venture capital space.
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