TLDR:
- IVY Growth Associates launched Cat I Fund Arigato Capital aiming to raise Rs 250 crore.
- The fund will invest in startups in sectors like agritech, cleantech, generative AI, fintech, consumer brands, and SaaS companies.
IVY Growth Associates Launched Cat I Fund Arigato Capital; Aims Raising RS 250 Cr
IVY Growth and its network have invested in over 100 startups, planning to launch a USD 30 million VC fund for revenue-based and traction-based startups in FY25. The micro venture capital fund, IVY Growth Associates, introduced Arigato Capital, a Sebi-registered Category I AIF VC fund with the goal of raising Rs 250 crore. Arigato is set to invest in startups across various sectors and will commence raising capital from June 2024 with the expectation of closing commitments in the next 15-18 months. The fund will target startups beyond seed or pre-series A stages, with an average investment size of USD 500,000. The founders of the fund are Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, with IVY Growth participating as a limited partner.
IVY Growth aims to connect angel investors and startups globally, focusing on regions like the Middle East, the US, and Europe. A startup summit named 21BY72 is scheduled to take place in Surat from June 15-16, where over 20,000 participants, including 200 startup founders, 200 VCs, and 500 investors are expected to gather. The event will serve as a platform for networking and collaboration among stakeholders in the startup ecosystem.
IVY Growth’s venture into launching Arigato Capital signifies a strategic move towards fostering innovation and entrepreneurship by providing startups with the necessary financial support and guidance for growth and success.
