Artha Venture Fund raises Rs 225 crore

Chennai: Artha Venture Fund, a micro-venture capital fund, has raised Rs 225 crore toward the final close of its maiden fund. This includes Rs 25 crore as part of its green shoe option.

The fund invests in B2B (business-to-business), B2C (business-to-consumer) and D2C (direct-to-consumer) sectors and D2C enablers. It had targeted raising Rs 200 crore. However, a surge of interest in Indian start-ups and the robust performance of the seed fund’s early investment made AVF overshoot its target and exercise the greenshoe option.

The fund was launched in 2018. It has already invested in companies such as Agnikul, LenDenClub, PiggyRide, Daalchini and GetWork.

 

NT Bureau