Aroa Venture Partners Set To Receive Rs 40 Cr From SIDBI, UP Startup Fund
As per media reports, the firm is expected to finalise its funding close by the end of fiscal year 2025
Aroa Venture Partners has secured a Rs 40 crore commitment from the Small Industries Development Bank of India (SIDBI) and the UP Startup Fund, under the Government of India’s Fund of Funds for Startups and UP Government's startup scheme, according to media reports.
Established in 2020 by Gaurav Gulati, Aroa Venture Partners is a sector-agnostic, early and growth-stage investment platform. The firm has backed 36 startups to date, including notable names like CRED, MPL, and Magicpin, and has deployed ₹1009 crore. In February, the firm received backing from RACo Holding Company, owned by Oyo founder Ritesh Agarwal.
With over Rs 400 crore in commitments from family offices and institutional investors, Aroa Venture Partners aims to finalise its funding close by the end of fiscal 2025, as per media reports. This latest capital infusion further strengthens its ability to support emerging startups across sectors.
As per media reports, the firm is expected to finalise its funding close by the end of fiscal year 2025.
