Micro VC firm IVY Growth launches Rs 250 crore fund for startups in agri, Gen AI, SaaS, others

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 beyond seed stage or in pre-series A stages, offering an average ticket size of $500,000.