Venture capital firm Aroa Venture Partners has launched a new fund with a goal size of Rs 400 crore (about $50 million). The fund has invested in businesses like Unacademy, Urban Company, and Cred.
The company has invested more than Rs 100 crore in 40 early- and growth-stage startups, as reported by The Economic Times.
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“We plan on investing from seed to Series C. From seed to Series A, we will always lead the round and Series B and C, we will not lead but instead co-invest,” Gaurav Gulati, founder of Aroa Venture Partners said.
According to Aroa Venture Partners, value-added investments in businesses with strong scaling potential and demonstrated unit economics will always be made in an environment that is conducive to doing so.
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From the new fund, the company intends to give cheques totaling between Rs 4 crore and Rs 40 crore to 25 companies.
About Aroa Venture Partners
Aroa Venture Partners is a Singapore-based growth capital investment business that was founded in 2020. The company intends to engage in businesses that are involved in infrastructure, technology, and consumer goods.
