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First Cheque

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 72
Average round size
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The average size of a deal this fund participated in
$909K
Portfolio companies 63
Rounds per year 4.50
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.11
Key employees Soon
Stages of investment
Seed

Areas of investment

  • Internet
  • Software
  • Artificial Intelligence
  • Information Technology
  • Health Care
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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Related Funds

Funds investing in previous rounds
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First Cheque is more likely to invest in rounds together with the following funds:
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Funds with similar focus

Funds from India
Funds with similar focus located in India:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Deepsync

Artificial Intelligence
Big Data
Telecommunications
$500K04 Mar 2024 Bengaluru, Karnataka, India

Crux

Analytics
Artificial Intelligence
$2M08 Feb 2024 Bangalore, Karnataka, India

Medial

Professional Networking
Social Media
$120K17 Jan 2024 Bengaluru, Karnataka, India

Ambitio

Education
$201K10 Jan 2024 New Delhi, Delhi, India

ofScale

Retail
$403K13 Dec 2023 Bengaluru, Karnataka, India

Blitz

Delivery Service
E-Commerce
Logistics
Shipping
Transportation
$3M19 Jul 2023 Bengaluru, Karnataka, India

Crux

Analytics
Artificial Intelligence
$360K15 Nov 2022 Bangalore, Karnataka, India

Alokit Innovations Private Limited (Vibinex)

Artificial Intelligence
Developer Tools
Intelligent Systems
Machine Learning
Open Source
SaaS
Software Engineering
01 Nov 2022 Bengaluru, Karnataka, India

HuddleUp

Artificial Intelligence
Human Resources
SaaS
$550K04 May 2022 Bangalore, Karnataka, India

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Total investments 72
Average round size 909K
Rounds per year 4.50
Peak activity year 2021
Lead investments 8
Follow on index 0.11
Group Appearance index 0.76

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Deepsync

Artificial Intelligence
Big Data
Telecommunications
$500K04 Mar 2024 Bengaluru, Karnataka, India

Crux

Analytics
Artificial Intelligence
$2M08 Feb 2024 Bangalore, Karnataka, India

Medial

Professional Networking
Social Media
$120K17 Jan 2024 Bengaluru, Karnataka, India

Ambitio

Education
$201K10 Jan 2024 New Delhi, Delhi, India

ofScale

Retail
$403K13 Dec 2023 Bengaluru, Karnataka, India

Blitz

Delivery Service
E-Commerce
Logistics
Shipping
Transportation
$3M19 Jul 2023 Bengaluru, Karnataka, India

Crux

Analytics
Artificial Intelligence
$360K15 Nov 2022 Bangalore, Karnataka, India

Alokit Innovations Private Limited (Vibinex)

Artificial Intelligence
Developer Tools
Intelligent Systems
Machine Learning
Open Source
SaaS
Software Engineering
01 Nov 2022 Bengaluru, Karnataka, India

HuddleUp

Artificial Intelligence
Human Resources
SaaS
$550K04 May 2022 Bangalore, Karnataka, India
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