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Artha India Venture Fund - I generates 61% returns

Inc42  

Artha India Ventures’ micro VC focused Artha Venture Fund-I (AVF-I) has generated a 61% internal rate of return (IRR) at close.AVF-I was Artha’s first fund and was closed in FY19 at INR 225 crore. It deployed INR 175 crore in 32 seed stage startups. The fund’s distributed to paid-in capital (DPI) is approaching 20% on the back of recently signed exit and last year’s partial exit from fleet management startup Everest Fleet. The fund’s total value to paid-in capital (TVPC) is said to be 3.75x in rupee terms and 3.40x in dollar terms.Artha India Ventures has invested in 140 startups - including in Oyo, Rapido and Purplle - since inception in 2012 from its three funds: Artha Venture Fund, Artha Select Fund (ASF), and Artha Continuum Fund (ACF).