Fund News
Manufacturing-focused A99 to launch $100-M third VC fund
Chennai-based manufacturing-focused venture capital firm A99 (formerly Artha99) is raising its third fund with a target corpus of USD 100 million. The firm has already received a commitment of USD 30 million.Fund III will back early-stage companies from April 2026 that range from pre-Series A to pre-Series B startups with cheque sizes ranging from INR 20 crore to INR 80 crore. Around 20% of the new fund will be utilised for follow-on rounds, and the rest to make fresh investments.The firm’s few portfolio companies include EV-maker Raptee, magnet-free motor maker Aditya Avartan Technologies, and chemical solutions provider Innocule.In Feb-21, the firm launched its maiden funds with a size of USD 1 million from its managing partner Vignesh Shankar, and Fund II was launched in 2022 with a target corpus of around INR 105 crore.
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