<ul><li>Former 100X.VC partners Shashank Randev and Yagnesh Sanghrajka launch VC firm 247VC with a fund of INR 250 Cr ($30 Mn).</li><li>247VC's fund will focus on deeptech, industry 5.0, consumption, and enterprise tech sectors, planning to invest in 30 startups over the next three years.</li><li>Primary corpus of the fund is INR 200 Cr with an additional INR 50 Cr greenshoe option. The average ticket size for initial investments will be INR 3 Cr to INR 4 Cr.</li><li>Early backers of 247VC include industry experts; the fund's founders have a cumulative experience of over 50 years. VC landscape in India sees continued launches of new funds, with a special focus on deeptech and AI.</li></ul>

Former 100X.VC Partners Float 247VC’s INR 250 Cr Fund; Focus On Deeptech, Industry 5.0

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