DeVC founders collective announces 30+ investments
Excited to announce our investments in 30+ startups, across sectors, since our inception in 2023.
At DeVC, we are shaping a community-first approach to early-stage investing, bringing together a collective of founders, operators, and investors, committed to supporting and nurturing startups from concept to early traction.
Our vision is to decentralize the investment landscape (DeVC derived from Decentralized Venture Capital) and empower entrepreneurs with not just capital but also invaluable expertise and networks.
Along with our hub and associated fund, we are dedicated to providing founders with support and guidance throughout their entrepreneurial journey.
We invest anywhere between $50K to $500K in each venture. Our goal is to back 50+ startups annually, across sectors, both in India and across the globe.
Our collective includes some of the most remarkable founders, each of whom brings their unique expertise. They include Aakrit Vaish (Haptik), Alex Peter (The Talent Deck), Amit Lakhotia (Park+), Anil Goteti (Scapia), Anoop Dawar (Gitlab), Anurag Sinha (OneCard), Arvind Parthiban (SuperOps.ai), Asish Mohapatra (OfBusiness), Ashwini Asokan (Vue.ai), Chirag Taneja (GoKwik), Harshil Mathur (Razorpay), Jitendra Gupta (Jupiter), Miten Sampat (CRED), Mohit Sadaani (Moms Co.), Naveen Kukreja (PaisaBazaar), Narasimha Reddy (MoEngage), Nitin Gupta (Uni Cards), Ramakant Sharma (LivSpace), Raviteja Dodda (MoEngage), Revant Bhate (Mosaic Wellness), Rohit Kapoor (Swiggy), Sanat Rao (Blocktower), Shashank Kumar (Razorpay), Srikrishnan Ganesan (Rocketlane), Vasant Sridhar (OfBusiness) and many more.
In addition, the collective includes early-stage investors like Rohit MA (PeerCapital), Vishesh Rajaram (Speciale), Aakash Kumar (Matrix Partners India), Rahul Chaudhary (Matrix Partners India), and others.
Find more about us at www.devc.com. Sharing our PR announcement as below:
DeVC founders collective announces 30+ investments
The community partners with early-stage startups across sectors, from concept to early traction
Bengaluru, Friday, July 21st, 2023: DeVC announces its investments in 30+ startups, across sectors since inception in 2023. DeVC derives its name from “Decentralized Venture Capital” and the investments have been made by a collective of founders, operators and investors coming together to back startups from concept to early traction. The DeVC collective, along with a co-working space and an associated fund, strives to support founders with capital and operating expertise.
DeVC aims to decentralize early-stage investing by shaping a community-first approach to backing and supporting startups. Individual investors in the DeVC collective have played an integral role in shaping the early-stage ecosystem in India. They bring together proprietary domain knowledge, specialized functional expertise, and access to valuable networks that accelerate the progress of early-stage companies.
The founders of the DeVC collective include Aakrit Vaish (Haptik), Alex Peter (The Talent Deck), Amit Lakhotia (Park+), Anil Goteti (Scapia), Anoop Dawar (Gitlab), Anurag Sinha (OneCard), Arvind Parthiban (SuperOps.ai), Asish Mohapatra (OfBusiness), Ashwini Asokan (Vue.ai), Chirag Taneja (GoKwik), Harshil Mathur (Razorpay), Jitendra Gupta (Jupiter), Miten Sampat (CRED), Mohit Sadaani (The Moms Co.), Naveen Kukreja (PaisaBazaar), Narasimha Reddy (MoEngage), Nitin Gupta (Uni Cards), Ramakant Sharma (LivSpace), Raviteja Dodda (MoEngage), Revant Bhate (Mosaic Wellness), Rohit Kapoor (Swiggy), Sanat Rao (Blocktower), Shashank Kumar (Razorpay), Srikrishnan Ganesan (Rocketlane), Vasant Sridhar (OfBusiness) and many more.
“Through my journey as a founder at The Moms Co., I found the best advice from other founders who became mentors and guides over time. As I invest with the group at DeVC, I am hopeful that we can use our collective experience across domains to help early-stage founders with their questions and any help they need as they build their business.” said Mohit Sadaani, Co-founder of The Moms Co. & DeVC Investor.
In addition, the collective includes early-stage investors like Rohit MA (PeerCapital), Vishesh Rajaram (Speciale), Aakash Kumar (Matrix Partners India), Rahul Chaudhary (Matrix Partners India) and others. The collective has a supporting fund anchored by Matrix Partners India, with participation from other investors and family offices. The DeVC collective invests anywhere between $50K-500K in each investment. The community is managed by Divyanshi Chowdhary from DeVC and Aakash Kumar from Matrix Partners India.
The collective has backed founders building in a diverse range of sectors across Semiconductors, Cleantech, Spacetech, SaaS, Fintech, Consumer Internet, B2B commerce and Web3; investments include InspeCity (in-space satellite servicing robots), Blockfenders (blockchain based data infrastructure), Solar Ladder (Solar EPC SaaS), Bidso (tech-enabled OEM) and many more.
“I have witnessed the dynamism of the DeVC community and the caliber of startups emerging through the group is remarkable. The landscape of companies today, ranging from AI to EVs, Semiconductors to Space, has undergone a profound transformation compared to just two years ago. This shift from conventional Retail, D2C and Fintech enterprises towards what I term as ‘Foundational Technology’ from India, along with this exceptional DeVC group, is very exciting.” stated Ashwini Asokan, Founder of Vue.ai & DeVC Investor
To foster collaboration and mentorship, DeVC will be anchored around physical spaces designed to be hubs for the collective and its portfolio companies. These hubs will facilitate regular roundtables and mentorship workshops, while also serving as a coworking space for the DeVC startup teams. The first hub was launched this week in Bangalore. Additionally, startups backed by the collective will gain access to vital resources and support across talent acquisition, finance, legal assistance and more, through a robust partner network and a dedicated community management team.
“From the very beginning of our startup journey, we have been incredibly fortunate to have DeVC alongside. Their unwavering support has extended far beyond financial backing, playing a pivotal role in expediting the successful completion of our funding round. Moreover, DeVC has provided us with invaluable operational support, playing a crucial part in the growth and development of our business. This level of assistance has enabled us to sharply focus on executing our vision and expanding Bidso’s presence on a significantly larger scale.” shared Vivek Singhal, Co-founder of Bidso, a DeVC portfolio company.
“Over the last few years, the start-up ecosystem has experienced multiple cycles, underscoring the importance of experienced founders and operators in mentoring the next wave of entrepreneurs. Through DeVC, a collective established by the founders for the founders, we aim to be a force multiplier for innovation and learning, fostering sustainable growth.” shared Divyanshi Chowdhary, DeVC.
DeVC, will back 50+ start-ups annually, across sectors, building in India and across the globe.
Team DeVC
About DeVC:
Setup in 2023, DeVC is a collective with a mission to equip early-stage companies with the necessary resources for their success, through capital investment, industry expertise and continuous mentorship. DeVC is derived from Decentralized Venture Capital and epitomizes the belief that early-stage venture journey support is provided best by a collective of founders and operators working together.
Further information available at www.devc.com
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