The Artha Venture Fund, which supports start-ups at an early stage, will invest in 10-11 new companies before the end of the financial year 2021-22 (FY22), said Anirudh Damani, the investment firm’s managing partner, Your story.
With a little more than five months left to fiscal policy, Damani’s ambition can turn over an average of two deals a month for Artha Venture.
The control sizes will be between SEK 1.5 million and SEK 4 million in exchange for 13–18 percent equity.
“When we start working with our portfolio companies, more than half of our team is involved in building the company with them. We take a higher share, but in return they (startups) get an investor who understands their business area in and out. One of our portfolios has increased its revenues by 4 times in 6 months without increasing the burns, which means that the growth was fully financed by customers – not investors. “Anirudh told me Your story.
Artha Venture claims that they increase their check size to Rs 18 crore – Rs 20 crore during the follow-up or Serie A rounds, depending on the start’s performance. At least six of their existing portfolio starts are in the process of investing in follow-up rounds.
Artha Venture Fund was started in 2018 by Anirudh and is supported by Artha India Ventures – the CEO’s family fund – which has previously invested in listed Oyo Room fron round and beauty market Purplleis angelic round, among other bets.
Artha Venture Fund invests in revenue-generating start-up at an early stage.
The venture capital company based in Mumbai has so far undertaken to pay out 35 percent of SEK 225 million, its virgin fund. Since its inception, Artha Venture has invested in 12 startups including the peer-to-peer lending platform LenDenClub, Daalchini Technologies, a Noida-based kiosk provider and Bengaluru-based sports platform Kabaddi Adda.
Anirudh claims that the fund only invests in start-ups at an early stage, which has a monthly income of 7-10 lakh Rs.
“A sound business model is important because companies should use venture capital money to build assets. But when it comes to growth, it should be financed by a company’s paying customers, says Anirudh.
Currently, the Indian start-up ecosystem is riding a funding boom. Major inspections are handed out to start-ups at all stages.
According to the State of Venture Q3 report from CB Insights, a research firm in New York, saw the quarter in September $ 9.9 billion is invested in 519 deals compared to $ 3.3 billion investment over the same period last year.