1 year ago
AIV's Artha Select Fund Closes, Exceeds Target with ₹432 Crore
Artha India Ventures, also known as AIV, has successfully finished raising money for its new fund called Artha Select Fund (ASF).
They aimed to collect Rs 330 crore but ended up with Rs 432 crore.
This extra money will allow them to keep investing in the companies they think are doing really well.
The person in charge at AIV, Anirudh A. Damani, said that the fund will help them support these companies as they grow.
Artha India Ventures (AIV) finalized the close of Artha Select Fund (ASF).
ASF raised Rs 432 crore, surpassing the initial target by 131%.
The original target for ASF was Rs 330 crore.
AIV's managing partner is Anirudh A. Damani.
ASF enables AIV to continue investing in its promising companies.
- Who
- Artha India Ventures (AIV).
- What
- AIV finalized the close of Artha Select Fund (ASF) and raised Rs 432 crore.
- Where
- Not explicitly mentioned in the article.
- When
- Not explicitly mentioned in the article.
- Why
- To stay invested in their most promising companies.
Key facts
- Fund Name
- Artha Select Fund (ASF)
- Funds Raised
- Rs 432 crore
- Original Target
- Rs 330 crore
- Managing Partner, AIV
- Anirudh A. Damani
Quotes
Anirudh A. Damani
Managing Partner, AIV
“ASF allows us to stay invested in our most promising companies well into their scale-up phases.”
thehansindia.com
Sources
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