Micro venture capital fund IVY Growth Associates launched Arigato Capital, a Sebi-registered Category I AIF VC fund, aiming to raise Rs 250 crore. Arigato will invest in startups in various sectors such as agritech, cleantech, generative AI, fintech, consumer brands and SaaS companies.
It will start raising capital from June 2024 and expects to close commitments in the next 15-18 months. The fund will target startups beyond seed or in pre-series A stages and will have an average investment size of USD 500,000. The fund's founders are Prateek Toshniwal, Rachit Poddar, Mehul Shah and Sharad Todi, with IVY Growth as a limited partner.
IVY Growth plans to connect angel investors and startups globally with a focus on the Middle East, the US, and Europe. IVY Growth will host the 21BY72 startup summit in Surat from 15-16 June, aiming to gather over 20,000 participants, including 200 startup founders, 200 VCs, and more than 500 investors. IVY Growth and its network have invested in over 100 startups and plan to launch a USD 30 million VC fund for revenue-based and traction-based startups in FY25.
