Veda VC, an early-stage venture capital fund based in Bengaluru, has announced the first close of its Rs 250 crore (about $30 million) fund. The fund has received investments from high-net-worth individuals, startup founders and operators, and family offices. Veda VC plans to invest between $250,000 and $1.25 million in startups across consumer internet, software-as-a-service, fintech, and deeptech. The fund has already backed several startups including Dukaan, Even Health, One Impression, Agnikul, Rigi, and GrowthSchool. The fund aims to make 10-12 investments in a year and expects to close the rest of the fund by December 2023. Veda VC was founded by former startup founders and operators Avijeet Alagathi, Vasant Rao, Ashis Nayak, and Venus Dhuria. The fund has become one of the most active seed investors, investing approximately $10 million annually in startups. Veda VC aims to provide seed stage founders with the knowledge and network to make better decisions.