*VC Firm 247VC Targets ₹250cr for its First Fund - To fund 30 cos, with ₹7cr average cheque size* ✅ Early-stage venture capital firm 247VC, founded by operator investors Yagnesh Sanghrajka and Shashank Randev, has launched its first India-focused fund with a base corpus of ₹200 crore and a green shoe option of ₹50 crore. ✅ The fund, registered as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (Sebi), will offer institutional seed cheques to startups across sectors such as consumption, enterprise tech, deep tech, and Industry 5.0, which includes advanced manufacturing, industrial and allied domains, managing partner Sanghrajka told ET in an interaction. ✅ 247VC plans to invest in around 30 startups over the next three years, with an average cheque size of about ₹7 crore, including follow-on investments in top-performing portfolio companies. The firm is targeting the first close of the fund within the next four months.