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The Venture Codex

First Cheque

1403/4, Everest Heights, Powai Vihar, Powai, Mumbai, Maharashtra, India

Overview

Supports founders and leaders in building data-driven organizations.

Founded

2008

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

India
United States

Sector focus

—

Investment portfolio

35rounds
NAMEDATESIZE
Onpoint
Jul 2026Led
$0.60 MSeed
Poindexter Labs
Jun 2026Led
$3 MSeed
Dubpro.ai
Mar 2024Participated
$0.50 MSeed
Crux
Feb 2024Participated
$2 MSeed
Medial
Jan 2024Led
$0.12 MSeed
Ambitio
Jan 2024Led
$0.18 MSeed
ofScale
Dec 2023Led
$0.38 MSeed
HuddleUp
May 2022Participated
$0.55 MSeed
Looppanel
Mar 2022Participated
$1 MSeed
BiteSpeed
Feb 2022Participated
$2 MSeed
Zeda.io
Jan 2022Participated
$1 MSeed
The ePlane Company
Jan 2022Participated
$5 MSeries A
Onpoint
Jul 2026Led
$0.60 MSeed
Poindexter Labs
Jun 2026Led
$3 MSeed
Dubpro.ai
Mar 2024Participated
$0.50 MSeed
Crux
Feb 2024Participated
$2 MSeed
Medial
Jan 2024Led
$0.12 MSeed
Ambitio
Jan 2024Led
$0.18 MSeed
ofScale
Dec 2023Led
$0.38 MSeed
HuddleUp
May 2022Participated
$0.55 MSeed
Looppanel
Mar 2022Participated
$1 MSeed
BiteSpeed
Feb 2022Participated
$2 MSeed
Zeda.io
Jan 2022Participated
$1 MSeed
The ePlane Company
Jan 2022Participated
$5 MSeries A
35
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Insights

Time horizon

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Deal Distribution

First Cheque: 35 funding rounds are recorded in the selected participation categories.All available history.
First Cheque: 35 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed620
Series A05
Other Equity13

Monthly Deal Activity

First Cheque: 35 deals are recorded across 82 months.All available history.
First Cheque: 35 deals are recorded across 82 months. All available history
MonthDeals
Jan '201
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '201
Sep '201
Oct '201
Nov '201
Dec '201
Jan '210
Feb '210
Mar '211
Apr '211
May '210
Jun '210
Jul '212
Aug '214
Sep '212
Oct '212
Nov '211
Dec '212
Jan '222
Feb '221
Mar '221
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '242
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

First Cheque: Networks, Cloud & Communication is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

First Cheque: Networks, Cloud & Communication is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Networks, Cloud & Communication11
AI & Machine Learning9
Education & Workforce8
Enterprise Software8
E-Commerce & Retail6
Professional Services5
Transportation & Logistics4
Hardware & Robotics4
Marketing & Advertising4
Data, Analytics & IT3
Fintech3
Gaming & eSports3
AR/VR2
Space & Frontier Tech2
Consumer & Lifestyle2
Health & Life Sciences2
Food & Agriculture2
Social & Community Platforms2
Media & Entertainment1
Developer Tools1

Deal Size Distribution

First Cheque: 35 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

First Cheque: 35 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M32
$5M-$10M3
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

First Cheque: India has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

First Cheque: India has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
India31
United States3
Europe1
First Cheque: 20 co-investors are shown, with Whiteboard Capital sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

First Cheque: 20 co-investors are shown, with Whiteboard Capital sharing 6 recorded deals. All available history
Co-investorShared deals
Whiteboard Capital6
Anicut Capital5
Titan Capital5
9Unicorns4
Speciale Invest4
PointOne Capital3
3one4 Capital2
Better Capital2
Chiratae Ventures2
Good Capital2
Incubate Fund India2
Indian Angel Network2
Java Capital2
Kalaari Capital2
LetsVenture2
Mars Shot Ventures2
Peak XV Partners2
Upsparks2
Venture Highway2
Y Combinator2

Investment Strategy

First Cheque: Led accounts for 20% and participating for 80% of round participation.All available history.
First Cheque: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led720%
Participating2880%
First Cheque: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
First Cheque: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Kushal Bhagia

CEO

Prateek Agarwal

Investment Lead

Sahil Makkar

Investor