TDV's Rs 50 Crore Fund II Targets High-Growth Startups in Fintech and Beyond
Trillion Dollar Ventures (TDV) has launched its second fund with a total corpus of Rs 50 crore. This new fund doubles the size of its initial offering and has already attracted commitments from global investors. The fund will operate over a 5-7 year lifecycle, aiming to make 10-12 investments each year starting in Q3 of the 2024-25 financial year. Each startup will receive between Rs 1-2 crore, with a focus on pre-seed and seed-stage businesses.
TDV targets high-growth sectors such as fintech, gaming, spirituality-tech, the creator economy, and social media. The firm prefers platform-based models, marketplaces, and exchange businesses with strong tech foundations. Investments will prioritise serial entrepreneurs, founders with deep domain expertise, and companies with low operational overheads. The first fund delivered strong returns, achieving an internal rate of return (IRR) of over 60% and a multiple on invested capital (MOIC) of three within two and a half years. Investors in the new fund include unicorn founders, family offices, and CXOs from India, the US, UK, UAE, and Singapore.
TDV’s second fund builds on its track record of early-stage investments in tech-driven startups. With a larger corpus and a clear focus on scalable, high-margin businesses, the firm plans to expand its portfolio in consumer tech sectors. The fund’s performance will be measured by metrics such as MOIC and IRR over its lifecycle.
