Titan Capital’s former managing partner and board member of Indian lifestyle brand Zouk, Bipin Shah has floated his micro VC firm Zeropearl, focused on consumer and GenAI startups.
Underlining the selected investment approach, Shah shared on his LinkedIn post that Zeropearl will make only 12-15 high-stakes investments (8%) in a year.
Besides, Shah added that the VC firm will also support its portfolio company beyond initial funding in securing a good Series A term sheet within 15 months of funding.
Launched on Diwali, Zeropearl follows a “Founder Only” thesis with a commitment to revert to founders within 7 days of writing to Shah.
While the VC firm is open to investing in a pre revenue SaaS startup, consumer startups are required to have a minimum monthly revenue of 1 Lakh to avail of the investment.
This development comes at the heart of several VCs intensifying their investments in Indian startups. Driven by the upthrust in early stage investment, a number of early-stage VC firms have also been floated in recent times.
Earlier in May, BharatPe’s former chief operating officer Druv Dhanraj Bahl rolled out his maiden venture capital fund to invest in early stage startups. Last month, Volt VC also launched its early-stage focused maiden fund with a target corpus of INR 45 Cr.
According to Inc42 H1 2024 report, seed and growth-stage companies drove the funding trend in H1 2024 and late-stage ventures saw investors practising caution. The growth-stage startup funding clocked a 21% YoY jump in funding in H1 2024 to $1.7 Bn across 135 deals.
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