Micro venture capital firm IVY Growth Associates has announced its SEBI-registered Category I AIF venture capital fund Arigato Capital with a target corpus of Rs 250 crore. The fund will invest in startups across sectors including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS).
Arigato Capital is looking to begin capital raising in June 2024 and targeting closure of all commitments over the next 15 to 18 months. The first close is targetted at Rs 100 crore and will back startups
The VC fund was founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, with IVY Growth Associates being the limited partner. Through the new fund, IVY Growth said it aims to establish and expand a global corridor to connect angel investors and startups, with a special focus on the Middle East, the US, and Europe.
