Horizon Fund in Agra
HF
Horizon Fund
Guidance for businesses in Agra
The Horizon Fund is an exciting investment opportunity for startups in various industries looking to scale and grow their operations. If you are exploring how to raise funds for a startup in India, this fund stands out as a critical resource for revenue-generating ventures.
Designed to support businesses ready for expansion, this rolling investment scheme provides startups with the opportunity to secure initial funding, followed by follow-up investments to support future growth. Whether you're a Partnership, LLP, or Private Limited Company, the Horizon Fund can provide the necessary financial support to help your startup reach the next level.
In this detailed guide, we will cover everything you need to know about the Horizon Fund details, including:
Benefits
The Horizon Fund Scheme provides a holistic support system for entrepreneurs. It helps founders transition from a small team to a structured corporate entity.
Eligibility
To qualify for the Horizon Fund, your startup must meet specific technical and financial standards. The Horizon Fund eligibility focuses on ventures that have already proven their market fit through revenue generation.
Documents required
Preparation of your documentation is the most important step in the fundraising for startups in India process. Ensure you have the following documents required for Horizon Fund ready:
- Company Registration Docs: Certificate of Incorporation and DPIIT Startup Recognition.
- Professional Pitch Deck: Explaining the problem, your revenue model, and traction.
- Comprehensive Business Plan: Detailed market analysis and 3-year financial projections.
- Latest Financials: Audited balance sheets and Profit & Loss (P&L) statements.
- Technology Description: Proof of concept (PoC) and evidence of technology readiness.
- Founders' CVs: Highlighting domain expertise and previous successful ventures.
- Customer Traction: Evidence of existing users, revenue, or signed partnerships.
- MSME Details: Copy of MSME Certification.
How to apply
Applying for the Horizon Fund is a straightforward process. Follow these steps:
- 1
Prepare Your Documents
- 2
Submit Your Application
- 3
Review & Evaluation
- 4
Interview & Selection
- 5
Funding & Mentorship
About the scheme
The Horizon Fund Scheme is an investment initiative designed to support revenue-generating startups at various stages of growth. It is open to startups across all sectors, with no specific industry restrictions. Unlike a without-security business loan, which is a debt instrument, this is an equity-based investment.
The fund provides:
- 1Initial Investment: Up to USD 100,000 (approximately INR 83 Lakhs).
- 2Follow-up Investment: Up to USD 250,000 (approximately INR 2 Crores) based on progress and achieved milestones.
The scheme is offered on a rolling basis, which means startups can apply at any time during the year, providing continuous access to funding. The goal of the Horizon Fund is to help startups bridge the gap between their current stage and future global scaling, much like the support offered through the MeitY Genesis EIR 2 program for tech innovators.
Key Features of the Horizon Fund Scheme:
- Initial Funding: Up to ₹83 Lakhs to kickstart market expansion.
- Growth Funding: Up to ₹2 Crores to support long-term scalability.
- Rolling Application: Continuous opportunities to apply without waiting for fixed windows.
- Equity-based Investment: Growth capital without the burden of monthly interest repayments.
Focus areas
The Horizon Fund details indicate that the program is sector-agnostic, though it favors technology-driven solutions. Startups that align with government grants focus areas often see higher success rates.
Deadlines
The Horizon Fund Scheme operates on a rolling application basis, meaning there is no fixed deadline. You can apply whenever your startup reaches the required revenue milestones.
However, it is always best to apply early to secure a place in the current investment cycle.
Is this scheme right for you?
The Horizon Fund Scheme offers valuable resources for startups that have already passed the initial "valley of death" and are generating revenue. With equity-based funding of up to ₹2 Crore, it provides the runway needed to become a market leader.
Whether you are in tech, health, or agri-business, this fund provides the mentorship and capital to help you succeed. Understanding how government grants work and how they pair with equity funds can give you a major competitive advantage.
Frequently asked questions
What is the Horizon Fund Scheme?
The Horizon Fund is an investment program providing equity-based funding of up to ₹2 Crore and mentorship for growth-stage, revenue-generating startups.
How much funding is available under the Horizon Fund?
The scheme offers an initial investment of up to ₹83 Lakhs (USD 100k) and a follow-up investment of up to ₹2 Crores.
Who is eligible to apply for the Horizon Fund?
Startups must be in the growth stage, be revenue-generating, and be registered as a Partnership, LLP, or Private Limited company. Review the Horizon Fund eligibility section for more.
What documents are required for the Horizon Fund application?
You need a professional pitch deck, audited financial statements, a business plan, founder CVs, and company registration papers.
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