Early-stage venture capital firm First Cheque closes second fund at Rs 38 crore

Early-stage venture capital firm First Cheque has closed its second fund at Rs 38 crore, it said on Tuesday.

The VC firm plans to invest in around 50 startups in the next 18 months.

The company has backed software developing startup Kaching, ecommerce startup Mall91 and edtech platform Seekho among others.