We are a group of entrepreneurs that love building and scaling tech products and companies. With First Cheque, we are now investing in the next generation of Indian technology entrepreneurs.

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First Cheque
Fast Cheque
Founder’s Cheque

We are a group of entrepreneurs that love building and scaling tech products and companies. With First Cheque, we are now investing in the next generation of Indian technology entrepreneurs.

Know more

How we work?

First Cheque invests within 1-2 calls with the founders. Reach out to any of us directly or get an introduction to any of us.

  • We back founders at pre-idea stage

    If you are excited to work on a problem with a non-concrete business idea – write to us and ask for a call. We will brainstorm with you. If you do not have a deck – write to us. We value product building skills over deck building. Large markets preferred over niche ones. And deep tech preferred over cupcake stores.

  • We invest $100K at $2M valuation

    We follow a standard process of investing $100K at 2M valuation. To write fast cheques, we follow a productized approach: Fixed valuation, fixed cheque size, and a 1 week TAT to commitment. We believe that at early stage, we want founders to focus on building and not on legal work. Hence, we have standard shareholder agreement templates so that founders do not spend time or money in closing documents.

What we know

We make it our priority to be there for our founders whenever they need! Want help with Product and Growth? Legal? Hiring? AWS Credits? Secretarial? Fund raising? We are here for you!

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.

Performance Engineering

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

Next Round

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

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.

Curve Balls

A Startup’s journey almost never goes as planned. We are experienced troubleshooters and help founders deal with the uncertainties of this lonely journey.

Investments

We have made over 100 investments, some of our marquee investments include:

Rocketlane

Rocketlane is purpose-built software to accelerate and streamline implementation and customer onboarding. With its unified workspace, it’s easy to collaborate with customers and deliver projects consistently and transparently.

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Anar

Anar is a platform where businesses can create a free profile and grow their business network all over India. They are empowering small and medium enterprises across the value chain—from manufacturers, retailers and resellers— helping them connect and interact with one another.

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Giva

Giva is a jewellery brand for Indian millennials. They provide modern, authentic and affordable silver jewellery which they co-create with their customers.

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Yellow Class

Yellow Class is a new-age fun-learning platform where kids between 2-12 years of age can learn from a wide range of classes like dancing, drawing, personality development, creative writing and so on.

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Wint Wealth

Wint Wealth is an alternate debt assets platform that lets you invest in financial products that give higher returns than FDs, but that are not as risky or volatile as equities.

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Rigi

Rigi is a platform for digital creators to manage, grow and monetize their community by launching subscription based groups. Rigi helps creators with tools for subscriber management and quick monetisation of their communities.

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Fashinza

Fashinza is a managed marketplace for the fashion supply chain.

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Saveo

Saveo is an Amazon + ShopX model for pharmacies in B2B space. They onboard pharmaceutical distributors, manufacturers & pharmacies on one platform – that helps pharmacies improve their margins, helps distributors reach more pharmacies, while saving substantial time and effort for both sides.

Visit website →

What our founders say

Our latest videos

Subscribe

Mon Oct 18 2021

What is Bellatrix Aerospace? | #5 FC Portfolio Shorts

Bellatrix Aerospace is an Indian New Space company specialising in In-space propulsion systems & orbital launch vehicles. Based out of Indian Institute of Science, Bangalore, the company is constantly evolving to facilitate the development of key technologies in electric propulsion, new generation propellants and launch vehicles.

Thu Oct 07 2021

What is Anar? | #2 FC Portfolio Shorts

Anar is a platform where businesses can create a free profile and grow their business network all over India. Nishank Jain, Sanjay Bhat, and the team at Anar are empowering small and medium enterprises across the value chain—from manufacturers, retailers and resellers— helping them connect and interact with one another. We had a very interesting conversation with Nishank, and this man is building a real rocket ship, so do stick around till the end of the episode.

Sat Apr 10 2021

Building a Unicorn in India: The Meesho Story

Vidit Aatrey and Sanjeev Barnwal are the co founders of Meesho, an Indian-origin social commerce platform that enables small businesses and individuals to start their online stores via social channels such as WhatsApp, Facebook, Instagram etc.

Frequently asked Questions

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 focused sessions on helping our founders reach product-market fit and solve for their next round.

We invest a standard $100K (INR 75L) across deals at $2M valuation. Usually founders ping us when they are raising $100K – 300K. We are happy to lead rounds or co-invest with someone else leading too. Typically, we see participation from friends, family, other angels/microVCs.

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.

We have invested in 100+ companies since starting out in 2019. We do 25-30 investments every year.

Usually we decide to commit within two – three interactions with the founder. We like large TAM, tech first companies addressing white spaces. In case you can’t reach out to us directly, please fill in this form

We are happy to look at companies from all over India!

We highly recommend that you hustle to get an intro to one of our venture partners! If you are unable to do that, please send in your application via this form.
For anything else, please feel free to write to our Investment Associate Anurag at anurag@firstcheque.vc