TLDR:
Key Points:
- Audacity Venture Capital is focused on nurturing startups in the Enterprise and Consumer Media, including gaming and VR
- They have launched a fund to invest in early-stage media tech companies bridging Web2 to Web3
An early-stage TMT venture fund, Audacity Venture Capital, is investing in startups in the Enterprise and Consumer Media sectors, with a focus on gaming, Virtual Reality (VR), and Augmented Reality (AR) applications. The fund aims to provide global investors access to the vibrant Indian digital landscape while helping domestic scale-ups enter global markets. The founder and managing partner, Kabir Kochhar, previously served as a partner at Anthill Ventures before establishing the VC in 2022.
The current funding environment favors early-stage startups due to their smaller capital requirements, aligning with a more risk-conscious investment strategy. Audacity Venture Capital has led funding rounds for companies like Rusk Media and Videoverse, and they have observed a trend of injecting capital into emerging cities beyond traditional metropolises.
The Indian gaming sector is expected to grow substantially, with VR and AR technologies revolutionizing the gaming and esports landscapes. Despite regulatory hurdles and challenges like GST regulations, Audacity sees gaming as a significant opportunity within India’s startup ecosystem. The fund has launched a $60 million fund to invest in early-stage media tech companies transitioning from Web2 to Web3.
With a portfolio of 15 companies, Audacity Venture Capital plans to invest in innovative startups in AI-enhanced music production, post-production, AdTech, and MarTech sectors. The fund focuses on visionary founders driving Web2 to Web3 developments and aims to make investments strategically to capitalize on growth opportunities.
