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Indian VC firm raises $11.45m to support early-stage startups
A Junior VC (AJVC), a venture capital firm founded by former Venture Highway executive Aviral Bhatnagar, has closed its first fund at 100 crore rupees (US$11.45 million).
There are plans to exercise a greenshoe option to raise an additional 50 crore rupees (US$5.7 million), according to reports.
Bhatnagar launched AJVC in August 2024 after leaving Venture Highway.
He identified a need for more pre-seed funding in India, particularly in its evolving startup ecosystem.
The firm has invested in nine pre-seed stage startups, which are currently operating in stealth mode.
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