Micro VC firm IVY Growth Associates launches Rs 250 crore Arigato Capital Fund

Micro venture capital firm IVY Growth Associates has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore.

According to the firm, This sector-agnostic fund is set to invest in startups across a variety of emerging sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies.

Targeting first close at Rs 100 crore 

Arigato Capital aims to begin raising capital in June 2024, with plans to close all commitments over the next 15 to 18 months.

The Venture Capital (VC) fund targets a first close at Rs 100 crore and will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000.

Who are the founders?

The Venture Capital (VC) fund was founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, with IVY Growth Associates serving as a limited partner.

Through Arigato Capital, IVY Growth intends 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.

Hosting the third edition of its startup summit

In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21BY72, from June 15 to June 16 in Surat. The summit is expected to attract over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors.

IVY Growth Associates has a strong track record, having invested in over 100 growth-stage startups. The firm has deployed Rs 20 crore from its fund and utilized more than Rs 80 crore from syndicate funds within its network. IVY’s portfolio includes notable brands such as Rupeek, BluSmart, and Zappfresh.