IIMA Ventures to increase cheque sizes for pre-seed startups

The early-stage VC firm will use its own funds and also collaborate with other organizations, as it has in the past

- Rwit Ghosh

(VC) platform IIMA Ventures plans to double its pre-seed and seed investment cheques to up to $500,000 compared with the usual amounts of $50,000 to $200,000, top officials at the firm said.

"Startups in the pre-seed and seed stage often require a continuum of capital ranging from $50,000 to $500,000 to truly unlock their potential," Priyanka Chopra, chief executive (CEO) and managing partner at IIMA Ventures, told Mint, explaining the firm's rationale.

"By expanding our investment capacity, we're better positioned to meet founders where they are and fuel their growth from day zero."

The firm will use its own funds and also tie up with other organizations, as it has in the past.