Get All Access for $5/mo

First Cheque Unveils Ambitious Plan to Fuel 15-20 Exceptional Startups Over 18 Months The Bengaluru-based venture capital firm aims to provide up to USD 500,000 in funding to each portfolio company.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

First Cheque, an early-stage venture capital firm founded in 2018 under India Quotient, has announced its plans to invest in 15-20 exceptional founders over the next 18 months.

It aims to provide up to USD 500,000 in funding for each portfolio company, focusing on those willing to challenge conventional norms.

Gagan Goyal, a partner at India Quotient, passionately articulated the firm's mission. "We want to back founders who dream big and aspire to create iconic brands that can lead massive markets," he said. First Cheque wasn't just about funding; it was about cultivating a community of game-changers who dared to redefine industries.

Kanika Agarrwal, another partner, added, "We have been investing in brands long before 'D2C' was a buzzword, supporting trailblazers like Sugar, Giva, and Rapidbox who have gone on to create entirely new market categories."

"Through First Cheque, we are now doubling down on our commitment to support the next generation of brand builders by focusing on the concept space. This is where we believe the most exciting, high-potential startups are emerging, and we are here to provide them with the capital, patience, and resources they need to scale," added Agarrwal.

With investments in over 130 startups, First Cheque had already made its mark, boasting notable companies like Giva, Seekho, Rocketlane, DrinkPrime, Fleetx, Simplismart, and Rigi in its diverse portfolio.

The Bengaluru-based venture capital firm partially exited D2C (direct-to-consumer) jewellery brand Giva Jewellery in September of last year, with a 75X return.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Business News

Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.

Health & Wellness

I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.

This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.

Growing a Business

Why 'Founder Mode' is Not a One-Size-Fits-All Solution to Leadership

The founder-driven approach can boost a business's growth, but transitioning from "founder mode" to a balanced leadership style is essential for sustained success and scaling.

Growing a Business

PR vs. Marketing — Which One Delivers Better ROI for Your Business?

PR builds trust and credibility over time, while marketing drives short-term sales through targeted campaigns, making both essential for business success, depending on goals and budget.

Business News

San Francisco's Train System Is Still Run on Floppy Disks. It May Finally Get an Upgrade.

Officials approve a $212 million plan to replace its wildly outdated train control system.