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% ownership in its top portfolio startups, and will deploy capital over four years.

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

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

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.

🔗 Source: YourStory