**Artha India Ventures Raises ₹330 Crore for Follow-On Fund**
Artha India Ventures has successfully raised ₹330 crore for its Artha Select Fund (ASF), a follow-on investment fund aimed at supporting high-potential startups within its existing portfolio. The fund is projected to reach a final close between ₹350-375 crore. This initiative is part of a broader revival in fundraising among Indian venture capital firms.
### Key Details of the Fundraising
– **Who**: Artha India Ventures, led by Anirudh A. Damani.
– **What**: The Artha Select Fund (ASF) focuses on investing in successful startups from its portfolio.
– **When**: The fund was launched in 2022, with the latest fundraising announcement made in March 2025.
– **Where**: Investments will target startups across India and other regions including the US, Israel, Africa, and the UK.
– **Why**: To back high-potential startups and capitalize on a resurgence in venture capital funding.
### New Investors and Fund Structure
– New limited partners include notable figures such as Ashok Bharadia, Harshal Morde, Manish Chhabra, David Wilson, and Hira Group Family Office.
– The ASF aims to invest ₹20 crore each in 12-14 startups at Series B and C stages.
– The fund has already made its first investment in Agnikul.
### Portfolio and Investment Reach
– Artha Group has invested in over 100 startups, including well-known names like OYO, Purplle, and Rapido.
– The ASF is designed to support startups that demonstrate significant growth potential.
The fundraising comes at a time when Indian venture capital firms are experiencing a revival, with other firms like Bessemer Venture and Accel Ventures also securing new funds.
**FAQ: What is the primary focus of the Artha Select Fund?**
The Artha Select Fund primarily focuses on investing in high-potential startups from the Artha Group’s existing portfolio, particularly during their Series B and C funding stages.
