your password has been reset successfully, Please login again.

Artha Venture Fund Makes a Second Close at INR 100 Crore

By attaining a second close, the micro venture capital fund can begin investing in the companies and alongside, raising money from other investors.
BY BEx Bureau
BusinessEx
Jun 11, 2019

Artha Venture has raised funds up to INR 100 crore for its venture capital fund. This is the second close of the micro venture capital fund, as reported by the daily news, Mint

In 2018, the company made its first close of INR 40 Crore. By attaining a second close, the micro venture capital fund can begin investing in the companies and alongside, raising money from other investors.

Artha Venture fund is primarily led by Madhusudan Kela, Ex-investment head at Reliance Capital, Ramesh Damani and Ashok Kumar Damani, former directors at BSE. LenDenClub was the primary investment made by the fund.

Artha Venture Funds hands-on-investment style is a mix of western ethics and Indian pragmatism," Managing Partner of Artha Venture, Anirudh Damani said.

"We expect to make the final close of INR200 crore by April 2020," Damani added.

The micro venture capital fund mainly invests in three categories that are - consumption, B2B and consumption enabler, said Damani.

We have backed companies under these themes through our family office in the past and the portfolio has done extremely well," Damani said, as stated by a media report.

Formerly, Damani had invested money in startup companies with his family office. The invested companies are Tala, Exotel, Purplle, Fynd, OYO Rooms, Baby Chakra, Mobilewalla and so on.

Please add your Comment
SIMILAR News
January 02, 2021
With this initiative, Alniche plans to increase its profit margins and push top-line by expanding sa ...More
By Jaspreet Kaur
December 29, 2020
The online gaming industry is expected to take over leading streaming platforms in the next decade b ...More
By Jaspreet Kaur
December 28, 2020
Modi said that the government has incentivized electric mobility by giving tax rebates ...More
By Jaspreet Kaur
December 24, 2020
Nearly 1 lakh students in around 3000 ITIs across India can be benefited by this digitized e-learnin ...More
By Jaspreet Kaur
December 22, 2020
MSME buyers enjoyed a year of more savings, top deals, widest selection of GST enabled commercial pr ...More
By Jaspreet Kaur
December 21, 2020
The funding round comes in pursuit of scaling of business from all angles ...More
By Jaspreet Kaur
December 19, 2020
Metro Brands Ltd has plans for aggressively expanding its portfolio in 2021 through strategic partne ...More
By Jaspreet Kaur
December 17, 2020
Pradhan said that the energy sector will continue to play a pivotal role in our national development ...More
By Jaspreet Kaur
December 15, 2020
CII believes the Agriculture Marketing reforms, certainly herald a new era for agriculture and have ...More
By Jaspreet Kaur
December 14, 2020
Narendra Modi interacted with key industries, startups and academia from the space sector via video ...More
By Jaspreet Kaur
December 11, 2020
The Minister said that India, with 1.35 billion people, provides one of the world's largest business ...More
By Jaspreet Kaur
December 07, 2020
SJVN Limited, a PSU under Ministry of Power has entered an MoU with Indian Renewable Energy Developm ...More
By Jaspreet Kaur
Our web site uses cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Make an Informed decision OK x