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Artha India Ventures Hits ₹250 Crore First Close for Second Seed Fund

Domestic capital supplied 90% of the first-close commitments.

Overview

  • AVF II targets a ₹500 crore corpus with a ₹100 crore green‑shoe and will invest in 36 seed‑stage startups.
  • Focus areas include premium consumption, fintech infrastructure, applied AI, and deep tech, with a four‑year deployment cycle and 15–20% ownership goals.
  • Coverage differs on cheque sizes, with one report citing ₹4 crore initial tickets and ₹8–16 crore follow‑ons, while another describes a 1–2–4 model of escalating investments.
  • Managing partner Anirudh A. Damani highlights a tighter early‑stage market, noting fewer than 100 monthly seed deals recently and Seed‑to‑Series A graduation falling to roughly 5–6%.
  • AIV reports more than ₹1,500 crore in assets and a portfolio of about 135–140 startups with exits including OYO Rooms, Rapido, and Purplle, alongside a follow‑on Artha Select Fund closed earlier at ₹432 crore.