Artha India Ventures has closed its Artha Select Fund at ₹432 crore, 31% above target
The fund will back 12–14 high-performing portfolio companies in Series B and C with average cheques of ₹20 crore
Focus sectors include fintech infra, spacetech, AI-led businesses, and premium consumer goods
Artha India Ventures Closes ₹432 Cr Fund to Back Series A to C Start-Ups
Artha India Ventures has expanded its war chest with a ₹432 crore growth fund to plug India’s Series B–C capital gap. Backed largely by Indian family offices, the fund will support only the strongest performers from Artha’s over 135 investments, giving them global competitiveness and preserving founder equity
Anirudh A Damani, managing partner of Artha Venture Fund and Artha Select fund
Summary
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Artha India Ventures has closed its new ‘Artha Select Fund’ at ₹432 crore, overshooting its original target of ₹330 crore by an impressive 31%. The fund will support the top 15% of performers from Artha’s existing portfolio of more than 135 companies.
The fund will write cheques for start-ups looking to raise funds in Series B and C rounds, where they often stall to scale further. The average cheque size would be ₹20 crore for each start-up. It has planned to fund over 12-14 ventures across categories like fintech infrastructure, spacetech, premium consumer goods, and applies AI.
“India has no shortage of promising ventures, but far too many face a capital drought between Series A and C. ASF ensures our winners have the firepower, strategic guidance, and operational backing to compete globally while preserving founder ownership and focus,” said Anirudh A Damani, managing partner of Artha Venture Fund and Artha Select fund.
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With this fund, Artha’s total Assets Under Management past ₹1,200 crore, cementing its position as India’s first venture capital institution backed by a family office. So far, it has taken 33 successful exits.
The firm also stated that Indian family offices and ultra-high-net-worth individuals anchor 80% of the fund’s capital, with the remaining 20% from global LPs in Singapore, UAE, Mauritius, Hong Kong, Africa, and the US.
Some of its backers include Atul Kirloskar’s Family Office, DSP Family Office, Shahi Exports, HIRA Group, and Anikarth Ventures.
Artha Venture Fund, launched in 2018, has backed start-ups such as OYO Rooms, Rapido, Purplle, and Leverage Edu. Under the new fund, it has so far evaluated six companies and selected only spacetech start-up Agnikul Cosmos, with an investment commitment of ₹20-40 crore.
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Last year, it has also invested in an online astrology platform called ‘InstaAstro’ in a pre-series A round. At that time, Damani had said that astology remains a subject of interest for Artha Venture Fund.
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