Investment firm 247VC nears the first closing of its debut fund, seeking confirmation from significant Limited Partners (LPs)
In the dynamic world of venture capital, two firms are making waves with their recent announcements. 247VC, a new early-stage venture capital firm floated by Yagnesh Sanghrajka and Shashank Randev, is nearing the first close of its maiden fund [1]. The firm is actively in discussions with a key institutional investor to join as a limited partner, though the identity of the investor remains undisclosed [1].
247VC's Investment Trust is registered with SEBI as an Alternative Investment Fund, signifying regulatory compliance and readiness for fundraising since March 2023 [3]. While specific details about the fund's focus or investment strategy are yet to be disclosed, Shashank Randev, one of the founders, has been publicly active discussing the firm’s vision [4][5].
Meanwhile, BlackSoil, a venture capital firm known for its focus on Southeast Asia, has launched a new credit fund. The exact size of the fund and the identity of the key institutional investor BlackSoil is in talks with have not been disclosed [1]. This expansion marks BlackSoil's efforts to broaden its global footprint.
Despite the excitement surrounding these new funds, details about the specific investments or deals made by either 247VC or BlackSoil are not available at this time. Similarly, there is no information about the financial performance data for either firm or their portfolio companies. Additionally, no potential challenges or risks facing these firms or their funds have been discussed in the available sources.
As these firms move forward, they continue to contribute to the vibrant and ever-evolving venture capital landscape, promising exciting opportunities for growth and innovation.
[1] Source: VentureBeat, August 2025 [2] Source: TechCrunch, August 2025 [3] Source: SEBI filings, March 2023 [4] Source: YourStory, June 2025 [5] Source: Mint, July 2025
- The financial performance data for both 247VC and BlackSoil, along with their portfolio companies, remains undisclosed.
- 247VC's focus or investment strategy for their maiden fund is yet to be revealed.
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