TLDR:
- IVY Growth Associates launches Arigato Capital, a SEBI-registered Category I AIF Venture Capital fund with a target corpus of Rs 250 crore.
- The fund will invest in startups across various sectors and aims to raise capital starting in June 2024.
IVY Growth Associates, a micro venture capital firm, has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital fund with a target corpus of Rs 250 crore. The sector-agnostic fund plans to invest in startups across diverse sectors such as agritech, cleantech, generative AI, fintech, consumer brands, and SaaS companies.
The firm is looking to start raising capital in June 2024, with the goal of closing all commitments within the next 15 to 18 months. The fund will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. IVY Growth Associates, founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, has already invested in over 100 growth-stage startups.
In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21 BY 72, in Surat from June 15 to June 16. The summit is expected to bring together over 20,000 participants, including startup founders, venture capitalists, and investors.
