Aroa Venture Partners to get Rs.40-Cr from SIDBI, UP Startup Fund

Aroa Venture Partners receives INR 40 crore (USD 4.8 million) commitment from SIDBI under the Government of India’s Fund of Funds for Startups and Uttar Pradesh government’s UP Startup Fund scheme.The proceeds will be deployed across healthcare, child development and care, insurance, financial services, deeptech, and other sectors.Founded in 2020 by Gaurav Gulati, Aroa Venture Partners adopts a multi-sector and multi-stage investment strategy, focusing on early to growth-stage businesses across sectors. The firm counts CRED, Unacademy and Urban Company among its portfolio companies.