1 year ago
Artha India Ventures Launches ₹432 Crore Fund for Tech Investments
Artha India Ventures, an investment firm, has launched a new fund worth ₹432 crore.
This fund will invest in growing Indian tech companies, specifically those in deep tech, AI, fintech, and space tech.
The fund will provide money to companies in their Series B and C rounds that are already doing well.
Artha aims to grow its investments, potentially expanding into global markets like Africa.
They have a long-term goal to manage ₹10,000 crore by 2032.
Artha India Ventures launched a new ₹432 crore fund, exceeding its target by 131%.
The fund will focus on deep tech, AI, fintech, space tech, and affluent Indian consumers.
The fund targets Series B and C capital for the top 15% of Artha's portfolio companies.
Artha aims to expand globally and explore opportunities in Africa.
The firm plans for a ₹10,000 crore AUM target by 2032.
- Who
- Artha India Ventures.
- What
- Artha India Ventures launched a new investment fund.
- Where
- India and globally.
- When
- Recently.
- Why
- To invest in and scale up promising Indian tech companies.
Key facts
- Fund Name
- Artha Select Fund (ASF)
- Fund Size
- ₹432 crore
- Focus Areas
- Deep tech, AI, fintech, space tech
- Investment Stage
- Series B and C
- Target Companies
- Top 15% of Artha's portfolio
- AUM Target by 2032
- ₹10,000 crore
Quotes
Anirudh Damani
MD of Artha Group
“There is a lot of enthusiasm within family offices to participate in the Indian startup ecosystem. They may not want to take all the risk of seed, so they've decided to back something that is a winners-only fund.”
CNBC TV 18
“Not every company is meant to scale or be venture fundable… If a company is a great business but cannot achieve exponential scale, venture capital may not be the right fit.”
CNBC TV 18
Sources
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