Artha India Ventures Raises $28.2M to Back 36 New Startups

Artha India Ventures has secured 250 crore rupee (US$28.18 million) in the first close of its second fund, which targets a total corpus of 500 crore rupee (US$56.35 million) and a green-shoe option of 100 crore rupee (US$11.27 million).

The Mumbai-based venture capital firm plans to invest in 36 seed-stage startups in India, focusing on premium consumption, fintech infrastructure, applied AI, and deeptech.

Artha expects to write initial cheques of 4 crore rupee (US$450,932) and follow-on investments of 8-16 crore rupee (US$0.96-1.3 million) for select companies.

The firm aims for 15-20 percent ownership in its top portfolio startups, and will deploy capital over four years.

Key Highlights

Artha India Ventures raises Rs. 250 crore in first close of Fund II, targeting a total corpus of ₹500 crore to back early-stage Indian startups.
The Mumbai-based VC firm to invest in 36 seed-stage startups across premium consumption, fintech infrastructure, applied AI, and deeptech.
90 percent of commitments from Indian LPs, including family offices and exited founders, reflecting strong domestic investor confidence in India’s startup ecosystem.

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Artha said 90 percent of the first close commitments came from Indian limited partners, including family offices and exited founders, while 10 percent came from international investors.

Early backers of the new fund include DSP Family Office and Shahi Group.

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Artha previously launched its first fund in FY19 with a target of 225 crore rupee (US$25.36 million), reporting a portfolio valuation above 750 crore rupee (US$84.54 million) as of June 2025.