Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Artha Venture hits final close of debut fund at Rs.220-Cr
Micro venture capital firm Artha Venture Fund (AVF) has announced the final close of its debut fund at INR 220 crore against a target of INR 200 crore. The thematic fund, which invests in B2B, B2C/D2C sectors and D2C enablers, is a Category I alternative investment fund (AIF) that will invest in startups across seed, pre-series A, and series-A stages. Over 50 limited partners (LPs) participated in the fund, with more than 50% of the investments coming from family offices and 20 listed companies participating directly or through promoter entities. NRIs, HNIs, super angels, and SIDBI invested the remaining capital. AVF has allocated over 65% of its corpus for follow-on rounds and plans to make 10-12 investments per year. The fund will invest in ticket sizes of INR 1 crore to INR 3 crore in initial rounds and double it in follow-on rounds.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.