Fintech, consumer brands, cleantech, agritech, fintech, GenAI, and software-as-a-service (SaaS) enterprises are among the developing industries in which it will invest in startups. It will focus on firms beyond the seed stage or in pre-Series A stages, with an average ticket value of $500,000 (about INR 4 crore). Arigato cash intends to start raising cash in June and make investments over the next 15-18 months. It hopes for a first close of INR 100 crore.
IVY Growth Associates, a Surat-based micro venture capital firm with portfolio businesses including Rupeek, BluSmart, Zypp Electric, Bummer, and Zappfresh, has launched a SEBI-registered category I AIF venture capital fund with a target corpus of INR 250 crore (about $29 million).
Arigato Capital, a sector-agnostic fund, will invest in startups from a variety of developing areas, including agritech, cleantech, GenAI, fintech, consumer brands, and software-as-a-service (SaaS) enterprises.
It will target firms beyond the seed stage or in the pre-Series A stage, with an average ticket size of $500,000 (about INR 4 crore).
According to Inc42, Arigato cash intends to start raising cash in June and make investments over the next 15-18 months. It hopes for a first close of INR 100 crore.
Arigato Capital was founded by IVY Growth Associates’ founders Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, with IVY Growth functioning as a limited partner (LP).
IVY Growth’s Arigato Capital aspires to build and expand a global network of angel investors and entrepreneurs, with an emphasis on the Middle East, the United States, and Europe.
IVY Growth Associates, founded in 2021, claims to have invested in more than 100 growth-stage firms. The firm deployed INR 20 crore from own fund and used INR 80 crore from syndicate funds in its network. According to Inc 42, It has made ten investments and exited once, with Trainman.
Several funds with sizable corpuses have launched this year, despite the overall fall in startup funding in 2023.
For example, earlier this year, VC firm Endiya Partners was reported to create its third fund with a capital of INR 800 crore to INR 1,000 crore ($100-$125 million).
Additionally, Cornerstone Ventures has announced its second fund, with a target corpus of $200 million and a green-shoe option.
In 2023, 64 funds were announced and launched, including venture capital funds, micro-funds, and corporate VC funds, totaling more than $5.6 billion.
