Artha India Ventures has bet on a range of companies including Oyo and space startup Agnikul, which has raised ₹There are 3.3 billion ARTHA SELECT FUND (ASF) follow-up investment funds (ASF) focused on supporting winners in existing portfolios, and those with direct knowledge of the matter told MINT.
New limited partners or investors in this round include Ashok Bharadia, Chairman and Managing Director of Wallfort Financial Services, Harshal Morde, Director of Sales and Marketing at Morde Foods, Manish Chhabra, Manish Chhabra, Manish Chhabra, Manish Chhabra, Manish Institute of Health Private Research (HRIPL), Institute of Health Private Company of the Institute of Health Private Company, Felluter Capital Codable Feltures, Hira Forness and Tyra Inters Copital inters Copital and terra Fenters, Hira Felters, Hira Felters, Hira terra terra, HIRA, HIRA, HIRA, HIRA, HIRA, HIRA, HIRA, HIRA anonymous.
New investors did not respond Mint Query until publication time.
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Follow-up funds with target corpus ₹It is expected to reach 3.3 billion ₹The man added that 3.5-3.75 million. In October 2022, Artha ₹1.2 billion.
Artha Group confirms that the fund has exceeded its target volume ₹Rs 33 crore, but no timeline for its last closure was disclosed. The fund has made its first investment in Agnikul.
ASF was first launched in 2022 by Artha Group, ashok Kumar Damani and Anirudh Damani, the investor family offices, and they also own the venture capital arm Artha Venture Fund. In June 2021, the Artha Venture Fund ended ₹2.25 million, exceeding its initial target corpus ₹2 million.
Portfolio and scope of investment
ARTHA Group is an umbrella entity of ASF and has invested in more than 100 startups in India, the United States, Israel, Africa and the United Kingdom. Its portfolio includes Oyo, Purplele, Lewereedu, Tala, Iconbuild, Rapido, Coutloot, Chai Break, Karza Technologies and Mobilewalla.
ASF was launched to support Artha Group Portfolio’s high-potential startups aimed at investing ₹The company earlier said there were 200 million in each of the B series B and C stages of 12-14 startups.
The fundraising comes as a revival of Indian venture capital firms fundraising, with players like Bessemer Venture, Prime Ventures and Accel Ventures, and also getting new funds during slow funding.
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In addition to the new LP, Artha’s existing investors have also invested in follow-up funds.
Home offices and institutional investors such as Pune-based Kirloskar family office, former chief investment officer Madhusudan Kela, Abhinav Sinha (Managing Director of International Investments in UK) and Narendra Karnavat (Chartered Accounting Firm Karnavat and Co.) are existing supporters.
