Funding Alert
Artha Launches Syndicated Fund for UHNIs and Family Offices to Invest in Startups
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ByStartupStory | September 14, 2023
Artha, the venture capital group, has unveiled the Artha Continuum Fund (ACF), a syndicated fund tailored for family offices and Ultra High Net Worth Individuals (UHNIs) interested in investing in growth-stage startups. The minimum investment for this fund is set at Rs 10 crores. ACF plans to announce its initial investment deal this quarter and intends to execute 8 to 10 deals each year. The fund will strategically co-invest with leading VC funds, granting investors the combined advantages of venture capital negotiation power and direct investment opportunities.
Anirudh A. Damani, Director of Artha India Ventures, says, “ACF arose from listening to our discerning investors. They yearned for a competent entity to oversee rigorous due diligence, sophisticated negotiations, and post-investment management while crafting their direct investment narratives.”
Sandesha Jaitapkar, COO, of Artha Group, says, “ACF is more than just a fund. It’s a movement to democratize elite investments in tech startups. We bridge the gap, allowing UHNIs to be actively involved, benefiting from the collective wisdom of seasoned VCs and super angels.”
Established in 2012, Artha Group has invested in over 80 startups globally, including notable companies like Oyo, Purplle, LeverageEdu, Exotel, Karza, Tala, and Caja Robotics through its Artha Venture Fund and Artha Select Fund.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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