Artha India Ventures (AIV) has announced the final close of its new follow-on fund, Artha Select Fund (ASF), at Rs 432 crore. The fund has gone beyond its target of Rs 330 crore by 31%, showing strong support from both Indian and global investors.
With this achievement, the total Assets Under Management (AUM) of Artha India Ventures now cross Rs 1,200 crore. ASF is designed to back only the top 15% of performing companies from AIV’s existing portfolio of over 135 startups.
Focus on Scaling
ASF will invest Rs 20 crore each in 12 to 14 startups at the Series B and C stages over the next four years. This helps bridge India’s “missing middle,” where many startups struggle to grow beyond the early stage due to limited funding and resources.
According to Anirudh A. Damani, Managing Partner of Artha Venture Fund and ASF, the fund ensures that their most promising companies continue receiving capital, strategic guidance, and operational resources needed to expand globally while safeguarding founder ownership.
Strong Investor Backing
ASF is supported by a powerful group of investors. About 80% of the fund comes from Indian family offices and ultra-high-net-worth individuals, while the remaining 20% is contributed by global Limited Partners (LPs) from Singapore, UAE, Mauritius, Hong Kong, Africa, and the United States.
The fund is anchored by well-known backers, including Atul Kirloskar’s Family Office, DSP Family Office, Shahi Exports, HIRA Group, and Anikarth Ventures. Sponsor Artha India Ventures itself has committed nearly 10% of the fund.
Performance and Legacy
Artha Venture Fund I, AIV’s flagship microVC fund, is India’s first SEBI-registered microVC. It holds the No. 1 rank for 2019 vintage returns in India and No. 2 worldwide. ASF builds upon this performance, giving AIV’s best portfolio companies the support they need in their growth stages.
This strategy strengthens Artha’s position as a long-term partner for startups, ensuring that founders are not left without funding when scaling. The new fund is set to become a vital link between early investment and large institutional capital.
Artha India Ventures
Artha India Ventures is a Mumbai-based family office and venture capital platform. It has been an active investor in Indian startups for more than a decade, building a portfolio across technology, consumer, fintech, and mobility sectors.
The firm has invested in over 135 companies through its different funds and is known for backing early-stage entrepreneurs with both financial capital and operational expertise. With the launch of Artha Select Fund, the firm strengthens its role as a key growth-stage investor in the Indian startup ecosystem.
