Dalelorenzo's GDI Blog
4Jul/210

VC firm Artha Venture Fund announces final close of Rs 220 Cr debut fund

Artha Venture Fund( AVF ), a Mumbai-based early-stage micro-VC fund, announced the final close of its debut fund at Rs 220 crore.

In a statement, AVF said, 50+ restriction partners( LPs) participated in the fund, with almost half of the LPs increasing their investment commitments in the last three months. More than 50 percentage of the investments came from family parts, and from over 20 listed companies participating directly or through proponent entities. NRIs, HNIs, super angels, and SIDBI devoted the remaining capital.

The fund has allocated over 65 percent of its corpus for follow-on rounds and will realise 10 -1 2 seed+ financings per year, the statement added.

Anirudh A Damani, Managing Partner, Artha Venture Fund, said, "Besides exceeding our targeted heighten two months ahead of schedule, almost 50 percentage of our first cohort of LPs doubled down on their earlier financings. Many directed us to beings in their network."

"I welcome each LP to our investor clas. Their reinvestment and aimed at promoting our store within their network is a clear indicator that our fund policy and organization reverberates with them at a deeper height, " he added.money rupees

Image source: Pixabay

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"The real ascribe of closing this fund goes to our founders and my superb squad. The effect of the two pandemic-led lockdowns sway our portfolio benefactors and our squad. However, each one stuck to their task, and our founders responded to each obstacle as an opportunity. As a answer, our portfolio-wide receipts ripened 3x in 12 months without raising additional capital."

"We will continue to scout for grain+ place deals in our preferred investment themes of D2C, D2C enablers, and B2B. Another sleeping being that has aroused our interest in the last 12 months is the gaming sector, especially for the masses, " he lent.

AVF had previously announced the second close of Rs 100 crore of the said store in June 2019. It claims to have invested more than 25 percent of the total corpus in category-winning startups such as Agnikul, LenDenClub, Kabbadi Adda, HobSpace, PiggyRide, Daalchini, and others.

The fund recently reinvested in Agnikul's Series A round and has six agreements set in the pipeline for the next few months. AVF has been extending investment opportunities by committing with various accelerators across the country and cumulatively( through associations and trade instantly) plans to support 40 accelerator stagecoach investments through small-scale cheques written from this fund.

Since its inception in late 2018, AVF, led by Anirudh A Damani, a second-generation investor, is part of Artha Group with investing in 85+ startups across India, the US, and Israel like OYO Rooms, Purplle, Tala, Coutloot, Karza Engineering, Mobilewalla, Interstellar, and more.

Edited by Megha Reddy

Read more: yourstory.com

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