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Monday, 27 February 2023
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GAINERS & LOSERS

Mon Feb 27 2023 15:04:57
Top Gainers Top Losers
 1. RHI Magnesita India
 2. 659.66.97%

 1. Sanofi India
 2. 5,8555.33%

 1. Alok Industries
 2. 12.854.98%

 1. IRB INFRASTRUCTURE DEVELOP...
 2. 29.34.46%

 1. Tube Investments Of India
 2. 2,653.654.05%

 1. Adani Enterprises
 2. ₹1,195.05-9.1%

 1. Mphasis
 2. ₹2,034-7.62%

 1. Mahindra Cie Automotive
 2. ₹415-7.5%

 1. Zee Entertainment Enterpri...
 2. ₹183.1-6.39%

 1. Tata Teleservices Maharash...
 2. ₹54.2-5.74%


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ACTIVE STOCKS

Mon Feb 27 2023 15:04:59
 1. Vodafone Idea
 2. ₹6.68 -1.04%

 1. Suzlon Energy
 2. ₹8.08 -4.15%

 1. Yes Bank
 2. ₹16.35 1.24%

 1. Punjab National Bank
 2. ₹47.85 0.63%

 1. Steel Authority Of India
 2. ₹82.85 -0.12%

Home / Companies / Start-ups /  Artha Group launches ₹450 crore Artha Select
Fund
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ARTHA GROUP LAUNCHES ₹450 CRORE ARTHA SELECT FUND


1 min read . Updated: 11 Oct 2022, 12:20 PM IST Aman Rawat Premium With the
Artha Select Fund, the firm will invest in follow-on rounds of its portfolio
startups. (Photo: Mint)

Artha Venture Fund’s final close was announced in June 2021 at over ₹225 crore,
exceeding its initial target corpus of ₹200 crore. The fund has made 27
investments so far, with a combined valuation of more than ₹3,600 crore

Read Full Story


NEW DELHI: Artha Group on Tuesday announced the launch of its ₹450 crore micro
venture capital fund, Artha Select Fund (ASF).

READ MORE
00:00/00:48









The Mumbai-based firm has raised capital from Kirloskar Family Office, the
family office of former Reliance Capital CIS Madhusudan Kela, British
International Investment’s managing director Abhinav Sinha, accounting firm
Karnavat and Co.’s Narendra Karnavat, Jashvant Raval of JCR & Co, SAT
Industries, Varun Bansal of Jayashree Polymers, Rajiv Lakhotia of Shree Karni
Fabcom, and several other investors.

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Sinha will also join the investment committee at ASF. He was already an internal
committee member at Artha Venture Fund (AVF), for which the firm raised ₹100
crore. It claims that the capital was raised in less than 3 weeks.



With the Artha Select Fund, the firm will invest in follow-on rounds of its
portfolio startups. The fund will commit up to ₹20 crore in the Series B round
and an additional ₹20 crore in the Series C round in startups where Artha is
already an investor. It will back 12-14 startups through this vehicle.

The first close of the fund will be announced along with its first investment
shortly, Artha said in a release.

“We see early-growth rounds as an amazing investment opportunity to back
founders at a critical inflexion point in their venture journey. With ASF, we
provide our founders with the added firepower to chase sound business metrics
like revenues, positive unit economics, and profitability," said Anirudh A.
Damani, managing partner, Artha Select Fund.

Artha Venture Fund’s final close was announced in June 2021 at over ₹225 crore,
exceeding its initial target corpus of ₹200 crore. The fund has made 27
investments so far, with a combined valuation of more than ₹3,600 crore.

The firm claims that AVF has provided impressive portfolio returns to investors
with a 3.61x MoIC (Multiple on Invested Capital) and 120%+ IRR (internal rate of
return) as the earliest investor in these startups.

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The fund has made 27 investments so far, with a combined valuation of over
₹3,600 crore.

Its portfolio companies include LenDenClub, Daalchini, Agnikul, Everest Fleet,
HobSpace, InstaAstro, Nirmalaya, and KarmaLife, among others.

Artha Group, the umbrella entity of ASF, has made investments in more than 100
startups across India, the US, Israel, Africa, and the UK. OYO, Purplle,
LeveragEdu, Tala, IconBuild, Rapido, Coutloot, Chai Break, Karza Technologies,
and Mobilewalla are some startups in its global portfolio.

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