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Build. Test. Repeat. Scale.


We build products to scale. We back people who scale.


Join people like you who love building products and companies that touch millions of people. Work with people who have bold visions and are not afraid to scale - themselves, products and their companies.

The best learning always comes from peers, and we welcome you to this community. We hope to become your easiest, most valuable and your most enriching first cheque.

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Who Are We

Built and Exited Founders, Product Leaders, Growth Leaders, and also angel investors. A lot of change we bring is in how to think- based on first principles, based on data, building a data driven organisation, setting up teams for performance et al. Most importantly, we will help you graduate to the next level of your journey.

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Gaurav Bhatnagar

Co-Founder, Travel Boutique
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Jyothirmayee JT

Co-Founder, Travel Boutique

Gaurav is a technology and internet entrepreneur based out of Gurgaon. He co-founded Travel Boutique Online (TBO) in 2006 which is today India's largest B2B travel portal with over 15,000 travel agents using it to sell travel, accommodation, transfers, rail and other related services. TBO also has a major presence in Middle-East, Africa and South East Asia. Naspers acquired a majority stake in the company and eventually exited to Standard Chartered PE. Gaurav is an IIT-D alumni and loves spending time mentoring and investing in young entrepreneurs.

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Farooq Adam

Co-Founder, Fynd
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Farooq Adam

Co-Founder, Fynd

Heads product, engineering and growth at Fynd - India’s largest O2O fashion platform. Loves photography, trekking, scuba diving, basketball, football, and swimming. Reads over 50 books a year. Writes at medium.com/@farooqadam.

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Harpreet S. Grover

Co-Founder, Cocubes
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Harpreet S. Grover

Co-Founder, Cocubes

Harpreet is an entrepreneur and mountain ultra-distance runner. He co-founded CoCubes.com (online assessments firm working with 4 million candidates and helping 1000+ corporate firms design their talent acquisition verticals) which was acquired in an all cash deal by Aon Hewitt (world’s largest HR Consulting firm) in 2016.

Together they became the second largest assessment firm globally. He is passionate about helping people in their careers’. In 2017 he was awarded Distinguished Young Alumni Award” from his alma mater IIT Bombay. Beyond work he is a published photographer, poet and an amateur mountaineer and follows the mantra - one life to live. Friends call him Happy Singh!

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Pawan Gupta

Co-Founder and CEO, Curofy
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Pawan Gupta

Co-Founder and CEO, Curofy

Pawan is the Co-Founder and CEO of Curofy - a “stackoverflow for Doctors”. Curofy is the largest network of verified Doctors in India with over 220,000 Doctors from all over India. Curofy was acquired by RoundGlass Partners in 2018. Pawan was part of Forbes India's 30 under 30 in 2018 and was awarded by his alma mater IIT Delhi - the Alumni Award in 2014 for innovation. He is an ardent supporter of entrepreneurship and has written guest columns in ET, YourStory, Inc42 and others on entrepreneurship.

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Jyothirmayee JT

Founder, HiveMinds
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Jyothirmayee JT

Founder, HiveMinds

Jyothi founded HiveMinds - one of the most sought after digital agencies for growth stage companies in India scaling 3x to 15x in few months. She has been the key marketing strategist & consultant for many Indian startups (TutorVista, MobiKwik, BigBasket, RedBus, NewsHunt, TaxiForSure, Knowlarity and others). Earlier - she was part of the core team at Tutor Vista when it was acquired by Pearson.Hiveminds too was acquired by Madison World in 2017.

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Harsh Mani Tripathi

CPO, Wittyfeed
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Harsh Mani Tripathi

CPO, Wittyfeed

A graduate from the Young India Fellowship, Harsh counded Pyoopil - a Ed-Tech company focussed on upskilling corporate employees and exited it to UpGrad in 2016. He lead the launch of multiple products at UpGrad as Director - Products and is currently Chief Product & Strategy Officer at Wittyfeed - India’s largest viral content Company - a startup that he also angel invested in. Harsh loves building new products - especially for mass market India.

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Sourabh Sharma

SVP - Product, DigiBank
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Sourabh Sharma

SVP - Product, DigiBank

Sourabh is a serial entrepreneur with a passion for building and growing consumer internet products. He founded Milaap which is India’s leading crowdfunding platform for social causes. Milaap has raised more than Rs 500 Cr till date for a variety of social causes. Sourabh was then the Product owner for the PayTm mobile app right when it was experiencing it’s hockey stick growth. He is currently SVP-Product Management at DigiBank, Singapore.

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Kushal Bhagia

CEO, First Cheque
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Kushal Bhagia

CEO, First Cheque

An engineering grad from BITS, Kushal co-founded Nayi Disha Studios - a company building motion-based educational games for kindergartners. Nayi Disha’s games are used by 100,000+ kids across the country. He was then part of UpGrad’s early core team building key corporate partnerships help create content and get UpGrad learners hired. Kushal is now running First Cheque full time as CEO. He loves reading books and championing fellow entrepreneurs!

What We Know !

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Product + Growth

Design growth into your product from day one, and then let the product take responsibility of growth instead of pushing it to marketing. Benchmark your results and progress as a team over others.

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Performance Engineering

Work with us to choose the right battle-ready technologies and algorithms which can lay the foundation of very rapid scaling. A thriving community of fellow founders and mentors who will enjoy troubleshooting for you.

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Next Round

Fundraising has its own nuances, especially in early stage. We will help you track the right metrics and connect with relevant funds for your next round

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Organization Design

Interview hacks, best offer strategies, designing the right job descriptions, ESOP schemes that people actually aspire for, we work with you on all of these

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Curve Balls

A Startup’s journey almost never goes as planned. You need intelligence and hustle to carve out paths in unexplored territories. Most of us already are experienced troubleshooters and can help founders deal with the uncertainties of this lonely journey

How We Work

Get your lead angel investor to talk to us, or write to us yourself. We will mail you a cheque in return. Yes it will be as simple. And no special terms - we join your current round without any fuss.

Show us your product, not your deck. If no deck, just write to us and ask for a call. Large markets preferred over niche ones. And deep tech preffered over cupcake stores.

Investments

Fleetx : A SaaS based fleet management software

GoPlannr: AI powered Insurance Sales assistant

Mall91: An e-commerce platform focussing on vernacular audience

Health Front: Personal loan for medical emergencies

Bellatrix.Aero : Building new-age thrusters for Satellites

Uno Finance: Healthcare loans without collateral

IndShine: Collaborative SAAS platform for Drone Imagery

Frequently Asked Questions

What unique value does First Cheque offer to founders ?
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We get involved with the founders and help them reach their next critical milestone. Working with us unlocks access to a kick-ass network of successful founder angels, who have - been there done that. You can expect support from us on Technology, Product and hiring along with access to larger investors who could lead your next round.
Besides support from us and our venture partners (Founder Angels), we are building a close-knit community of founders that we have invested in via our monthly meetups in all major Indian cities. These meetups are focussed sessions on helping our founders reach product market fit and solve for their next round.

When and how much does First Cheque usually invest in a company and at what valuation ?
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We invest between 10 to 20 lakhs INR , along with our venture partners, as a part of a larger pre-seed/seed round. Usually founders ping us when they are raising a 25L to 2Cr INR round from friends, family, and angels from their college/company networks. Generally we see these rounds happen at an INR 4Cr - 15Cr valuation, depending on the stage of the company, however the valuation is not the primary criteria for us.

What are your investment terms ?
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We don’t ask for any special terms. We are happy to invest at the same terms and valuation as your lead - in fact we will call it out if your lead sneaks in any predatory terms.

Which type of startups do you like ?
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We are sector agnostic. We back strong teams building tech products for large markets - it’s a little vague but then that’s what early stage is like :)

How many companies do you plan to invest in ?
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We will be investing in a 100 companies over the next three years.

What is your evaluation process ?
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Founders can pitch any one of our venture partners (Founder/Operator Angels Listed Above) and if they decide to invest we co-invest with them. In one-off cases we can decide to invest directly as well. Usually they (and us) decide within a couple of interactions.

What geographies do you look at while investing?
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Our Venture Partners are spread out throughout the country and we are happy to look at companies from all over India!

How to reach First cheque?
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We highly recommend that you hustle to get an intro to one of our venture partners! Else, you can reach our CEO at kb@firstcheque.vc or on Twitter.

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