Better Capital, a fund run by entrepreneur Vaibhav Domkundwar has raised its debut fund of $15.2 million to invest in pre-seed stage startups. The fund shows a new trend of solo founders investors raising funds amid a funding boom. Better Capital has so far invested in startups like Rupeek, Teachmint and Khata Book. “We want to be the best fund by all parameters and want to partner to companies. Being a solo GP also gives me the flexibility and speed required in this environment. It also helps me build the real faith that founders respect,” Domkundwar said.

Domkundwar is well-known among founders for finalising an investment after one meeting or one call. While that sounds fast and hasty, Better Capital invests in pre-seed, or pre-product startups, where an investor has to judge the quality of a founder’s idea and background. Better is planning to invest in 35-40 firms from this funding, with an average cheque of $3 lakh which can be over $1 million for best-performing companies.