First Cheque
Overview
First Cheque is a Bengaluru-based early-stage venture capital firm specializing in pre-seed and seed investments in technology startups. Founded in 2018 under the umbrella of India Quotient Venture Capital, the firm has raised multiple funds, including a ₹38 crore second fund in July 2022, aiming to invest in around 50 startups over the next 18 months. The firm primarily invests $100,000 at a $2 million valuation for early-stage and pre-seed startups. The firm's investment strategy is sector-agnostic, with a particular interest in direct-to-consumer (D2C) startups. First Cheque has backed companies across various sectors, including software development, e-commerce, and edtech. Notable investments include Kaching, Mall91, and Seekho. The firm has also expressed interest in emerging sectors such as space tech, cleantech, and climate-tech. First Cheque aims to back aspirational founders with a focus on new category creators and those turning chaos into order. The firm emphasizes supporting founders throughout their journey, offering a comprehensive program, an engaged founder community, and demo days to act as catalysts for first-time founders. The firm has invested in over 130 startups, including Giva, Rocketlane, Seekho, Fleetx, DrinkPrime, and Simplismart.
Investment Focus
- Innovative business model
- Scalable growth potential
- Strong founding team
- Clear market demand
- Sustainable competitive advantage
- Aspirational founders
- New category creators
- First-time founders
- Pre-seed and seed stage startups
- Technology-focused startups
- D2C startups
- Emerging sectors like space tech, cleantech, and climate-tech
Portfolio Companies
Reach First Cheque directly
Verified work email, phone and LinkedIn for the full team — one spreadsheet, one payment, yours to keep.
Unlock full contacts →Frequently asked questions about First Cheque
What sectors does First Cheque invest in?
First Cheque invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Bangalore, India. First Cheque is listed as a venture capital in the ConnectSafely investor database.
What stage does First Cheque invest at?
First Cheque backs companies at Pre-Seed, Seed and Early Stage, writing cheques of 100K - 500K.
Which regions does First Cheque invest in?
First Cheque invests across India.
What companies has First Cheque invested in?
First Cheque's portfolio includes Giva, Yobushu, Wint Wealth, Seekho, SimpliSmart, Rocketlane, Kaching and Mall91.
How do I contact First Cheque?
First Cheque's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database