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First Cheque

Investor type Micro VC

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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.
Total investments 62
Average round size
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The average size of a deal this fund participated in
$932K
Portfolio companies 56
Rounds per year 4.43
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.08
Key employees Soon
Stages of investment
Seed

Areas of investment

  • Internet
  • Software
  • Information Technology
  • Health Care
  • Education
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

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Funds from India
Funds with similar focus located in India:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

HuddleUp

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

Zipy

Software
$2M13 Apr 2022 San Francisco, California, United States

Looppanel

Customer Service
Software
$986K17 Mar 2022 -

RecordBook

Information Technology
Software
$1M15 Mar 2022 Mumbai, Maharashtra, India

IndiaClan

FinTech
$130K01 Mar 2022 New Delhi, Delhi, India

BiteSpeed

E-Commerce
Information Technology
$1M14 Feb 2022 Gurgaon, Haryana, India

Mingout Social Technologies Pvt Ltd

Dating
Events
Lifestyle
Social
Social Media
01 Feb 2022 Gurgaon, Haryana, India

The E-Plane Company

Aerospace
Automotive
Drones
$4M10 Jan 2022 Chennai, Tamil Nadu, India

Rocket Skills

EdTech
Small and Medium Businesses
$305K23 Dec 2021 Delhi, Delhi, India

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