Together Fund is a founder-first venture capital fund created by founders for founders
Together aims to help India’s SaaS startups build and scale across geographies to establish India into a true product nation
The startup has brought together a network of 150+ founders and operators across India to offer contextual guidance to early-stage startups
Together Fund, a founder-first venture capital fund, was launched today with an initial corpus of $85 Mn. The funds will be focused on SaaS startups to build and scale their ecosystem. The fund was launched by Girish Mathrubootham (founder and CEO, Freshworks), Manav Garg (founder and CEO, Eka Software), Shubham Gupta (ex-Matrix Partner) and Avinash Raghava ex-Accel).
India’s Software-as-a-Service (SaaS) market is set to attain $18-20 Bn in revenue and capture 7-9% of the global SaaS market by 2022. The venture has brought together a network of more than 150 founders and operators across India and Silicon Valley to provide both tactical and strategic assistance — tribal knowledge + contextual guidance around product-market-fit or customer acquisition as well as broader challenges around entering new markets, planning further fundraising, and preparing the SaaS startups for culture changes.
The fund will invest from $250K to $3 Mn in seed, pre-series or series A rounds. With a team that spans across the US and India, Together aims to help entrepreneurs build the product and achieve product-market-fit for the crucial zero to one part of the startup journey. The startup believes centres of excellence in specific domains will be a beneficial resource for early-stage startups.
Additionally, Together will also be helping companies in getting better partner deals from vendors and open access to the best CEO coaches. Mathrubhootham said, “My ambition for Together Fund is not about making it the most successful VC firm in the country; rather, it is to be recognised as India’s most founder-friendly VC.”
Together’s ecosystem of founders & operators comprises Ashwini Ashok, founder & CEO, Mad Street Den, Karthi Mariappan, founder & CEO, Hippo Video, Krish Subramanian, cofounder & ceo, Chargebee, Shanti Mohan,founder & CEO, LetsVenture, Vetri Vellore, founder & CEO, Ally and many others.
Some of the startup founders who have been a part and utilised the Together ecosystem include Ritesh Arora, CEO & cofounder, BrowserStack, Greg Moran, CEO, Zoomcars, Vaibhav, CEO, Hubilio, Srikrishnan Ganesha, cofounder, Rocketlane, among others.
