Artha Venture Fund announces final close of Rs 220 crore debut fund

Artha Venture Fund (AVF), India’s first early-stage micro-VC fund, announced the final close of its debut fund at over Rs 220 crore. The fund invests in B2B (business-to-business), B2C (business-to-consumer) and D2C (direct-to-consumer) sectors and D2C enablers. It had targeted raising Rs 200 crore. However, a surge of interest in Indian start-ups and the robust performance of the seed fund’s early investment made AVF overshoot its target and exercise the greenshoe option. AVF is a Category I alternative investment fund that invests in start-ups across seed, pre-series A, and series-A levels of growth.

“Besides exceeding our targeted raise two months