WEH Ventures launches second early stage fund, targets Rs 100Cr corpus

weh ventures

WEH Ventures, an early-stage fund, has announced the launch of its second fund with a target corpus of Rs 100 crore to invest in 18-20 startups. 

WEH Ventures launched its first fund in 2017. The second fund will keep up with its plan of investing in early-stage startups, and continue with various follow-on rounds.

A joint statement from Deepak Gupta, Founding Partner and Rohit Krishna, General Partner at WEH Ventures said, “Spurred by the phenomenal success of our first fund, investors have reiterated their faith in us and we hope to continue to deliver compelling returns for them over a long period of time.” 

According to WEH Ventures, investments are already underway from the second fund, which includes startups like Unbox Robotics and others in the space of DTC brand, community app, and gaming studio. 

The venture fund stated it is sector agnostic and invests in solutions that are developed ground up for resolving issues essentially targeting the Indian economy. 

According to WEH Ventures, in its first fund, more than 90 percent of its portfolio companies raised follow-on capital led by Institutional investors, raising over 100x the capital investment by Fund I. 

The multiple on invested capital is about 4.2x with the average investment being around 30 months duration. The fund stated that it has approved for its first exit and the target is for many more.

Some of the notable startups from Fund I include smallcase, Pratilipi, Trell & Animall. WEH Ventures invests up to Rs 3 crore in the first round with reserves to back in subsequent rounds.

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