12 Flags vs Appreciate Capital

Free

Stage, sector, thesis, cheque size, and portfolio side by side, pulled from the VC Dekho directory.

12 Flags

Venture Capital · 2 partners on VC Dekho

Full firm profile →

Appreciate Capital

Venture Capital · 1 partner on VC Dekho

Full firm profile →

Overview

Fund type

12 Flags

Venture Capital

Appreciate Capital

Venture Capital

Partners on VC Dekho

12 Flags

2 partners listed

Appreciate Capital

1 partner listed

Investment focus

Stages

12 Flags

Pre-Seed

Appreciate Capital

Pre-Seed

Sectors

12 Flags

Appreciate Capital

Cheque size

12 Flags

$100K – $500K

Appreciate Capital

$100K – $500K

Thesis

12 Flags

Invest in founders from emerging countries building global businesses

Appreciate Capital

Appreciate Capital backs early-stage Indian startups at Pre-Seed and Seed with a focus on companies that compound value over time across SaaS, FinTech, Consumer, AI, and B2B.

Investment criteria

12 Flags

12 Flags is a cross-border early-stage venture capital firm that backs founders from emerging markets building businesses with global ambition. For Indian founders, this is a meaningful distinction: 12 Flags is not prim…

Appreciate Capital

Appreciate Capital is an India-focused early-stage venture firm investing at the Pre-Seed and Seed stages. Its sector lens spans SaaS, FinTech, Consumer, AI, and B2B, making it relevant for a broad range of technology-l…

Activity

Recent activity

12 Flags

Appreciate Capital

Portfolio

Portfolio (sample)

12 Flags

KNOT
Codeyoung
FES Café
Blue Tokai

Appreciate Capital

Basil

Links

12 Flags

Appreciate Capital

Website

12 Flags

12flags.vc

Appreciate Capital

appreciatecapital.vc/

Things to remember

FAQ

Cheque size, thesis overlap, and seed versus Series A.

Which firms can I compare?: Any two funds from the VC Dekho directory, 1,023 firms with stages, sectors, thesis, and activity. Search by firm name, then compare side by side. See the funds directory.
What data shows in the comparison?: Fund type, partners listed on VC Dekho, stages, sectors, thesis themes, cheque size, thesis excerpt, recent activity, sample portfolio names, and links, aligned in one view.
Do I need an account?: No. Comparison is free. Unlocking work emails still happens on each investor profile after you sign in.
How is this different from opening two tabs?: The same firm fields are aligned in one view so stage and sector overlap is obvious without switching fund pages. Use it to shortlist who to reach out to.
How do I compare cheque size across Indian VC funds?: Cheque size is a row in the comparison. A fund that writes a small seed cheque and a fund that leads a large Series A round should not get the same first email. If the ranges do not overlap your raise, drop one of them.
Can I compare a seed fund with a Series A fund?: Yes. Put them side by side when you are deciding who can lead this round. Stage guides for seed and Series A explain what each round usually needs before you write.
How do I tell if two funds share a thesis?: Read the thesis themes and the short thesis excerpt on the same row. Overlap on a label is not enough if the portfolio shows they already back a close competitor. Use the comparison to decide who to contact, not to declare a winner.
Can I compare individual partners?: This tool compares firms. Once you pick a fund, open its profile or use outreach email to draft to a specific partner.

Back to Investor compare

12 Flags vs Appreciate Capital

Free

Stage, sector, thesis, cheque size, and portfolio side by side, pulled from the VC Dekho directory.

12 Flags

Venture Capital · 2 partners on VC Dekho

Full firm profile →

Appreciate Capital

Venture Capital · 1 partner on VC Dekho

Full firm profile →

Overview

Fund type

12 Flags

Venture Capital

Appreciate Capital

Venture Capital

Partners on VC Dekho

12 Flags

2 partners listed

Appreciate Capital

1 partner listed

Investment focus

Stages

12 Flags

Pre-Seed

Appreciate Capital

Pre-Seed

Sectors

12 Flags

Appreciate Capital

Cheque size

12 Flags

$100K – $500K

Appreciate Capital

$100K – $500K

Thesis

12 Flags

Invest in founders from emerging countries building global businesses

Appreciate Capital

Appreciate Capital backs early-stage Indian startups at Pre-Seed and Seed with a focus on companies that compound value over time across SaaS, FinTech, Consumer, AI, and B2B.

Investment criteria

12 Flags

Appreciate Capital

Activity

Recent activity

12 Flags

Appreciate Capital

Portfolio

Portfolio (sample)

12 Flags

KNOT
Codeyoung
FES Café
Blue Tokai

Appreciate Capital

Basil

Links

12 Flags

Appreciate Capital

Website

12 Flags

12flags.vc

Appreciate Capital

appreciatecapital.vc/

Things to remember

FAQ

Cheque size, thesis overlap, and seed versus Series A.

Which firms can I compare?: Any two funds from the VC Dekho directory, 1,023 firms with stages, sectors, thesis, and activity. Search by firm name, then compare side by side. See the funds directory.
What data shows in the comparison?: Fund type, partners listed on VC Dekho, stages, sectors, thesis themes, cheque size, thesis excerpt, recent activity, sample portfolio names, and links, aligned in one view.
Do I need an account?: No. Comparison is free. Unlocking work emails still happens on each investor profile after you sign in.
How is this different from opening two tabs?: The same firm fields are aligned in one view so stage and sector overlap is obvious without switching fund pages. Use it to shortlist who to reach out to.
How do I compare cheque size across Indian VC funds?: Cheque size is a row in the comparison. A fund that writes a small seed cheque and a fund that leads a large Series A round should not get the same first email. If the ranges do not overlap your raise, drop one of them.
Can I compare a seed fund with a Series A fund?: Yes. Put them side by side when you are deciding who can lead this round. Stage guides for seed and Series A explain what each round usually needs before you write.
How do I tell if two funds share a thesis?: Read the thesis themes and the short thesis excerpt on the same row. Overlap on a label is not enough if the portfolio shows they already back a close competitor. Use the comparison to decide who to contact, not to declare a winner.
Can I compare individual partners?: This tool compares firms. Once you pick a fund, open its profile or use outreach email to draft to a specific partner.