With a goal to raise $180 million, early-stage venture capital firm Arkam Ventures announced its second fund.
The Bengaluru-based company said in a statement that it will keep developing a thesis-driven, concentrated portfolio by digging deeper into its current industries and also identifying category leaders in manufacturing tech and electric vehicles, as per reported by The Economic Times.
In middle India, Arkam will continue making investments in financial services, skill development, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS). Digitization is Arkam’s key marketing message.
Rahul Chandra and Bala Srinivasa founded Arkam Ventures in 2020, and since then, they have invested in 16 enterprises, including the finance firms Jar and KreditBee, the food and agritech-related Jai Kisan and Jumbotail, the skilling firms Smartstaff and Cusmat, and SaaS firms Spotdraft and Signzy.
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Among institutional investors and family offices, the first fund’s investors include British International Investment, Sidbi, Evolvence, and Quilvest. The foundation of Fund II will be made up of current institutional limited partners and fresh, top-tier international investors, according to the announcement.
