Artha gets Sebi nod for first Rs 200 crore fund
, ET Bureau|
Mar 12, 2018, 10.40 AM IST
AHMEDABAD: The Artha Group, which runs the family fund Artha India Venture, has received the approval of the Securities and Exchange Board of India (Sebi) to set up a new early-stage investment fund – Artha Venture Fund I.
“We have received approval from the regulator for our first early-stage fund,” said Anirudh Damani, general partner, Artha Venture Fund I.
The fund size would be Rs 200 crore, with a green shoe option to raise it to Rs 300 crore, he said on the sidelines of TiEcon Ahmedabad.
The group has invested in 56 startups till date, including OYO Rooms, Now-Float, Find, Coutloot, Exotalent and Tala, he said.
“Earlier also we invested in early-stage startups. After creating our new fund, we will continue investing in early-stage startups but may participate till the third round of a startup’s fundraising as well,” Damani said. “AVF has been meeting with startups and has two-three startups already being issued term-sheets,” he said. Damani said that the fund is targeting its first close within three months and that it is targeting an internal rate of return of 40%.
Artha Venture Fund I will focus on early-stage startups in consumer brands, fintech and B2B segments.
“We have received approval from the regulator for our first early-stage fund,” said Anirudh Damani, general partner, Artha Venture Fund I.
The fund size would be Rs 200 crore, with a green shoe option to raise it to Rs 300 crore, he said on the sidelines of TiEcon Ahmedabad.
The group has invested in 56 startups till date, including OYO Rooms, Now-Float, Find, Coutloot, Exotalent and Tala, he said.
“Earlier also we invested in early-stage startups. After creating our new fund, we will continue investing in early-stage startups but may participate till the third round of a startup’s fundraising as well,” Damani said. “AVF has been meeting with startups and has two-three startups already being issued term-sheets,” he said. Damani said that the fund is targeting its first close within three months and that it is targeting an internal rate of return of 40%.
Artha Venture Fund I will focus on early-stage startups in consumer brands, fintech and B2B segments.
