Silicon Valley entrepreneur Vaibhav Domkundwar-operated venture capital firm Better Capital has announced the final close of its debut fund of $15.8 million.
Better Capital Ventures I fund will be utilised to ramp up pre-seed and seed investments in Indian companies across sectors with a median cheque size of $300,000, with flexibility to write cheques up to $1 million. The fund will be deployed over a period of 18-24 months across nearly 40 companies.
The Limited Partners (LPs) in the fund include executives, investors, and founders from Meta (formerly known as Facebook), Google, Uber, LinkedIn, Tiger Global, TPG, and other venture and hedge funds.
Better Capital has taken early bets in multiple sectors since 2018, including neobanks, fintech infra, product-led edtech companies, Small and Medium Enterprises (SME) digitisation, and learning communities.
