For Immediate Release                                                        

Volt VC Launches to Back Bold Entrepreneurs with Pre-Seed Investments

 First Micro-VC from Gujarat |  SEBI-registered Category II AIF with a target corpus of Rs 45 crore  | Focus on consumer-centric startups in D2C, B2C, and B2B2C models at the pre-seed stage

Bengaluru / Mumbai / Ahmedabad, 21.08.2024: Volt VC, a Micro Venture Capital firm based in Ahmedabad, today announces its official launch alongside the introduction of its inaugural fund, Volt VC Fund-1.  A new fund, and the first Micro-VC to be established in Gujarat, Volt VC aims to bridge the gap in pre-seed funding and provide essential resources to startups across India.

Volt VC Fund-1, a SEBI-registered Category II Alternative Investment Fund (AIF), is targeting a corpus of Rs 45 crore. The fund will target investments in innovative consumer-centric startups at the pre-seed stage, with plans to support a new generation of entrepreneurs and creators building solid, consumer-focused businesses across various sectors, particularly in D2C (Direct-to-Consumer), B2C (Business-to-Consumer), and B2B2C (Business-to-Business-to-Consumer) models.

Recognizing India's massive need for pre-seed funding to nurture innovative ideas and support new-age entrepreneurs, Volt VC Fund-1 aims to bridge this gap by investing between ₹50 lakhs to ₹2 crores in approximately 20-25 startups at the pre-seed stage.

Announcing the fund launch, Param Patel, General Partner, Volt VC, said  "India is witnessing a boom in consumer-centric startups, reflecting the innovative spirit and entrepreneurial drive of our country. However, there is a critical need for support and funding at the pre-seed stage to ensure these promising ideas can grow and thrive. Volt VC steps in to bridge this gap by providing essential resources, strategic guidance, and funding to help transform these early-stage startups into successful, impactful businesses. Our mission is to empower entrepreneurs across the country, ensuring their visionary ideas receive the backing they need to become successful ventures"

“Gujarat has consistently ranked at the top in startup development, with strong government support through infrastructure and grants. However, there has been a noticeable lack of micro VC funds to support startups at the pre-seed stage. This gap inspired the launch of Volt VC, First Micro-VC from Gujarat", he further added.

Volt VC aims to close its first fund in the next 3-4 months. Within the next 12 months, the firm plans to strengthen its presence in super early-stage investments by investing in promising startups across various sectors.

Founded by Param Patel, Volt VC stands out as one of Gujarat's pioneering Micro VC funds, strategically positioned to support startups at the pre-seed stage. In addition to funding, Volt VC provides strategic guidance, market research assistance, product development, branding, fundraising strategies, and access to a broad network of experts across multiple domains.

Param Patel brings a wealth of experience and a proven track record in finance and investment. Following a brief stint at an investment bank in New York City, Param returned to Ahmedabad to lead startup investments at Gujarat Venture Finance Limited (GVFL). During his tenure, he was involved in several investments across various sectors, including notable names such as Petpooja and Qarmatek, and facilitated multiple profitable exits. He then became the Chief Investment Officer (CIO) and a founding fund team member at Terazo, where he successfully launched and raised a USD 7 million fund, India's first regulated tokenized fund on blockchain under IFSC jurisdiction at GIFT City.

Volt VC is poised to become the premier choice for startups seeking their first institutional funding in India, particularly those from Gujarat. The firm invites startups with disruptive and innovative ideas to join them in this exciting journey and transform their visions into reality.