%201.webp)
Pre-seed and seed fund research profile
First Cheque is a founder-led Indian pre-seed platform that writes the first institutional cheque and supports companies through the next financing milestone. Its current portfolio spans B2B marketplaces, consumer brands, fintech, SaaS, deeptech, space and healthtech.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
First Cheque uses a pre-seed and seed; first institutional cheque approach across B2B commerce, consumer, fintech, SaaS and deeptech.
Current evidence
The manager’s current website continues to publish its Fund II plan, standard terms, team and portfolio. Direct company and press evidence includes 30 Sundays’ 2026 Series A, Rocketlane’s 2026 Series C, Seekho’s 2025 financing, Wint Wealth’s 2026 Series B and the manager’s 2023 Giva partial-exit announcement.
Strategy
Pre-seed and seed; first institutional cheque
Sector focus
B2B commerce, consumer, fintech, SaaS and deeptech
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
The manager’s current website continues to publish its Fund II plan, standard terms, team and portfolio. Direct company and press evidence includes 30 Sundays’ 2026 Series A, Rocketlane’s 2026 Series C, Seekho’s 2025 financing, Wint Wealth’s 2026 Series B and the manager’s 2023 Giva partial-exit announcement.
Investor questions
First Cheque is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Pre-seed and seed; first institutional cheque, with a sector focus of B2B commerce, consumer, fintech, SaaS and deeptech. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to First Cheque in the reviewed public sources: Biddano, Capgrid, Fashinza, GlobalFair, Refrens, Saveo, 30 Sundays, Rigi, Giva, Simplismart, Rocketlane, Wint Wealth, Fego, Bellatrix Aerospace, The ePlane Company, Bitespeed, Skillbee, Mailmodo, Gromo, Seekho, Zipy, FleetX, Tamasha, Questbook. It does not represent a complete current portfolio unless the manager has published one.
The manager’s current materials name 120+ companies and show positions including Fashinza, 30 Sundays, Giva, Rocketlane, Wint Wealth, Bellatrix Aerospace, Bitespeed and Skillbee. Its 2023 Giva update described a partial exit; audited fund-level DPI, TVPI and net IRR are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: The current public site reports ₹3 crore+ deployed for the earliest platform and describes a 50-company Fund II plan; a current Fund II corpus is not publicly disclosed.. Public terms or access information: The current public FAQ states a standard ₹75 lakh cheque for 5% ownership; fees, carry, fund term, reserves and liquidity terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Kanupriya Shah and Hemant Agarwal (team); Anand Lunia, Madhukar Sinha, Kanika Aggarwal and Sahil Makkar (mentors). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Current Fund II corpus, final close, LP roster and audited fund-level returns are not publicly disclosed. The manager publishes a standard ₹75 lakh cheque for 5% ownership and a large current portfolio, but vehicle-by-vehicle attribution is not complete..
2026: The manager’s current website continues to publish its Fund II plan, standard terms, team and portfolio. Direct company and press evidence includes 30 Sundays’ 2026 Series A, Rocketlane’s 2026 Series C, Seekho’s 2025 financing, Wint Wealth’s 2026 Series B and the manager’s 2023 Giva partial-exit announcement.
Next step
Share the allocation question, ticket size, liquidity constraints and existing exposure. Rupeia can determine whether this profile needs a deeper decision-support brief.