Indian unicorn founders to launch Bharat Founders Fund

Founders and senior executives of several startups, including unicorns, have come together to launch Bharat Founders Fund (BFF), which will invest in pre-seed-stage companies. Among the close to 65 founders who are investing through Bharat Founders Fund are Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 co-founders Vikram Chopra, Mehul Agrawal and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker. BFF, which has already made 20 investments till date, will invest USD 100,000-200,000 on an average in various early-stage startups and companies which are still at the idea stage. The fund, which has a corpus of USD 20 million, will look to make 100 early-stage investments this year alone. The fund is being managed by Investopad partners Maanav Sagar and Sera Arora.