First Cheque

Type

Venture Capital

Status

Active

Total investments

72

Average round size

909K

Portfolio companies

63

Rounds per year

4.50

Lead investments

8

Follow on index

0.11

Stages of investment
Seed
Areas of investment
InternetSoftwareFinancial ServicesInformation TechnologyE-LearningArtificial IntelligenceHealth CareWellnessSaaSEducation

Summary

First Cheque appeared to be the VC, which was created in 2008. The main office of represented VC is situated in the Mumbai. The venture was found in Asia in India.

The standard case for the fund is to invest in rounds with 1-2 partakers. The meaningful sponsors for the fund in investment in the same round are Indian Angel Network, India Quotient, Aprameya Radhakrishna. In the next rounds fund is usually obtained by growX ventures, Survam Partners, StartupXseed Ventures.

The average startup value when the investment from First Cheque is 1-5 millions dollars. Considering the real fund results, this VC is 63 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2019. The fund is generally included in 7-12 deals every year. The usual things for fund are deals in the range of 100 thousands - 1 million dollars.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Bellatrix Aerospace, Mall91. For fund there is a match between the country of its foundation and the country of its the most frequent investments - India. Among the most successful fund investment fields, there are Shopping, Financial Services. The fund has no exact preference in some founders of portfolio startups.

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Investor highlights

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Investments analytics

Analytics

Total investments
72
Lead investments
8
Rounds per year
4.50
Follow on index
0.11
Investments by industry
  • Internet (14)
  • Software (13)
  • Artificial Intelligence (8)
  • Information Technology (8)
  • Health Care (6)
  • Show 86 more
Investments by region
  • India (64)
  • United States (5)
Peak activity year
2021

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Quantitative data

Avg. startup age at the time of investment
3
Avg. valuation at time of investment
1M
Group Appearance index
0.76

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Deepsync 04 Mar 2024 Artificial Intelligence, Big Data, Telecommunications Seed 500K Karnataka, Bengaluru, India
IndiaClan 01 Mar 2022 FinTech Seed 130K Delhi, New Delhi, India

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.