Sunday, June 23, 2024
Outlook India
Outlook Business

Artha Venture Fund

Agnikul successfully tested Agnilet, which it claims is the first indigenous single-piece 3D-printed engine, in 2021

Following its withdrawal, Artha Venture Fund reported an IRR of 105 per cent and a MoIC of 19x

Brazil can simplify bureaucratic procedures to reduce barriers faced by start-ups during its presidency of the Start-up20 Engagement group next year

Its playbook could help other G20 member nations lacking the scale or number of start-ups required to reach the 1 per cent GDP target within the next six years

The funds will focus on category-leading companies showing significant traction with clear profitability horizons

Prior to this, the company raised a seed round of Rs 2 crore in March 2021 led by Artha Venture Fund

Investors who participated in the seed funding round included Artha Venture Fund, Foundamental, and Madhumala Ventures

The retail tech start-up will use the funds primarily for R&D to adopt its autonomous retail solutions across 10 million retail points in India and over 400 D2C brands in the F&B sector