50K Ventures funds early-stage SaaS ventures and supports them on a path to rapid scale and profitability.
Mission
At 50K Ventures, we employ the ‘Founders First’ approach and we offer investment structures aligned with founders who want to scale their businesses rapidly.
We believe in the Indian SaaS opportunity and that with the distinct advantages that Indian SaaS founders have over their global peers, they are going to drive the next wave of growth.
50K Ventures aims to back them every step of the way with the required capital and other resources so that they can focus solely on scaling their businesses.
To support the founders that we invest in, we put together a team that not just understands SaaS, but has a great experience in building and growing SaaS businesses.
Current Areas Of Interest
- Developer & DevOps tools
- Tools and platforms for remote teams
- Disruption of E-commerce & Enablement of online businesses
- Online education and personal development platforms
- Simplified SaaS for proven & high-growth markets
- Any other Niche B2B SaaS
Team
Vineel Nalla
Sanjay Enishetty
Selection Criteria
Every single application will be reviewed by a Partner and here are the broad criteria that we follow:
- We don’t invest in Idea Stage, Pre-Product, Pre-Launch, Pre-Revenue businesses.
- We also don’t invest in businesses just selling at deep discounts.
- We invest in businesses which already have a minimum sellable product and also have paying customers (other than friends and family).
- Ideally, the businesses should be generating an MRR of $2,000 to $10,000, though we may also invest in the ones that are doing more or less.
- We invest in businesses focusing on customers, revenues and profitability.
- We invest in businesses with proven and working business models.
- We invest in founders who believe in their businesses being sustainable and profitable
Our Process
We want to make sure that our process is as transparent, fast and founder-friendly as possible.
1Within 1 week of receiving the application, we send out an indication of initial interest. We will have a call with the founders to understand more about them and their business.
2Within a week of the first call, we will send out another indication of interest. We will have another call with the founders in which the founders can ask us anything they want.
3Within another week of the second call, we will indicate our investment interest and propose terms. Once the terms are agreed upon, we will ask the founders to complete our Due Diligence process.
Due Diligence Checklist
Corporate
- Incorporation Certificate, AoA, MoA, PAN, GST.
- Cap Table (fully diluted proforma), Details of Directors
Team
- Profiles of all key team members and corresponding agreements
Sales & Marketing
- Current Sales Pipeline
- List of all customers and corresponding revenue generated
Product
- Product Development Roadmap
Finances & Other
- Annual Financial statements for previous two years
- Monthly P&L and Balance sheet for the current year
- Most recent Tax Returns
- Accounts Receivable
- Details of Debts/Advances/Loans/Investments
- Outstanding Legal matters
References
- 2 Paying Customers
- 2 Partners, if any
- 2 Board Members/Investors/Advisors
- 2 Personal References for each founder
- PoC at Accounting Firm
We usually complete our Due Diligence process within 2 weeks. It may also take a little longer based on how quickly the information is shared and how quickly the reference calls are done with. Once completed, we will complete the signing of agreements and transfer the investment amount to the company’s bank account.