Trillion Dollar Ventures Launches Second Fund with Rs 50 Crore Corpus

Trillion Dollar Ventures (TDV), a venture capital firm, has launched its second fund, with a total corpus of Rs 50 crore, doubling the size of its first fund. The new fund aims to support early-stage technology startups in India.

Key Highlights:

• TDV plans to invest in innovative founders and companies in the pre-seed and seed stages, with cheque sizes ranging from Rs 1-2 crore per startup.
• The fund will focus on business models such as platform plays, marketplaces, and exchange businesses across various consumer tech categories.
• TDV’s investment strategy prioritizes serial founders or those with domain expertise, particularly in high-tech, low-operation businesses.
• The fund’s lifecycle is set between five to seven years, with expectations to make ten to twelve investments annually, starting from Q3 FY25.

Notable Developments:

• TDV’s first fund generated over 60% IRR with exit opportunities within two years of investment.
• The firm has received strong commitments from limited partners (LPs) across India and international markets, including the US, UK, UAE, and Singapore.
• Top global unicorn founders, family offices, and CXOs from various industries have backed TDV.

Founding and Key Milestones:

• Launched in 2021 by Ujwal Sutaria, TDV is dedicated to investing in innovative founders and nurturing startups across fin-tech, gaming, spirituality tech, and consumer tech sectors.
• The firm has backed more than 30 companies to date.