Venture capital firm Trillion Dollar Ventures (TDV) has announced the launch of its second fund, with a corpus of Rs 50 crore, doubling its size from the previous fund. The new fund is aimed at supporting early-stage tech startups in India, especially those in the pre-seed and seed stages. This initiative further solidifies TDV’s commitment to nurturing innovative entrepreneurs and building the future of India’s tech ecosystem.
With investment sizes ranging from Rs 1-2 crore per startup, the firm plans to back companies with disruptive potential in sectors such as spirituality tech, fintech, gaming, the creator economy, social media, and consumer tech upgrades. TDV is particularly focused on businesses with platform-based models, marketplaces, and exchange-based operations.
The fund targets startups led by serial founders or those with deep domain expertise, aiming to support high-tech, low-operation ventures. TDV envisions making 10-12 investments annually, with capital deployment expected to begin in Q3 of FY25. The fund’s lifecycle is set between 5 to 7 years, providing long-term support to portfolio companies.
TDV’s first fund, launched in 2021, delivered impressive returns with exit opportunities emerging within two years, generating over 60% internal rate of return (IRR). This success, combined with strong commitments from limited partners (LPs) in India, the US, UK, UAE, and Singapore, underscores TDV’s effective early-stage investment strategy and high-growth potential. The fund’s LP base includes unicorn founders, family offices, and CXOs from diverse industries, further bolstering the firm’s credibility.
Founded by Ujwal Sutaria, TDV has already backed over 30 companies since its inception and continues to position itself as a key player in India’s venture capital landscape. The firm’s approach remains focused on fostering innovation in rapidly growing sectors, with an eye on companies that can scale quickly and deliver significant returns.
