2am VC, an early-stage venture capital firm focused on India, has launched its second fund, aiming to invest in up to 30 Indian startups.
The new fund will target sectors like consumer tech, fintech, food and beverage, AI, and global SaaS. 60% of the fund will be allocated for initial investments, while 40% will be reserved for follow-on investments to support founders during later growth stages.
Founding Partners Hershel Mehta and Brendan Rogers expressed their goal to challenge misconceptions about India’s startup ecosystem and bring renewed energy to what they describe as the “New India” opportunity.
“Leveraging our extensive resources in the Indian ecosystem accumulated through years of startup investment and first-hand experience building companies from the ground up, 2am VC strives to provide best-in-class support and resources to help Indian founders bring their businesses to the next level,” said Mehta.
“We recognize that the next stage of development of Indian startups will be driven by young and first-time Indian founders building companies that are uniquely Indian, and we at 2am VC aspire to be their guides in bringing these dreams to life,” said Rogers.
The firm closed its $10 million Fund I and has already invested in 47 startups, including companies like NEWME, Apna Mart, Bimaplan, and Karbon Card.
Founded in 2021, 2am VC combines Indian and global insights to back founders capitalizing on India’s fast-growing consumer markets.
