IVY Growth Associates launches Arigato Capital Fund with a target corpus of Rs 250 crore.

Key Points

• IVY Growth Associates launches Arigato Capital Fund with a target corpus of Rs 250 crore.
• The fund aims to invest in startups across various emerging sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and SaaS companies.
• Arigato Capital targets a first close at Rs 100 crore and plans to raise all commitments over the next 15 to 18 months.
• Founders of the venture capital fund include Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, with IVY Growth Associates as a limited partner.
• The fund seeks to establish a global corridor to connect angel investors and startups, focusing on regions like the Middle East, the US, and Europe.
• IVY Growth Associates will host the third edition of its startup summit, 21BY72, in Surat, expected to attract over 20,000 participants, including startup founders, venture capitalists, and investors.
• IVY Growth Associates has a track record of investing in over 100 growth-stage startups, deploying Rs 20 crore from its fund and utilizing Rs 80 crore from syndicate funds within its network.
• Notable brands in IVY’s portfolio include Rupeek, BluSmart, and Zappfresh.

Micro venture capital firm IVY Growth Associates has unveiled its latest venture, the Arigato Capital Fund, signaling a significant stride in India’s startup investment landscape. With a target corpus of Rs 250 crore, this SEBI-registered Category I AIF Venture Capital (VC) fund is poised to make waves across various sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies.

Arigato Capital sets its sights on fostering innovation by investing in startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. The fund aims for a first close at Rs 100 crore, commencing its capital-raising efforts in June 2024, with plans to secure all commitments over the next 15 to 18 months.

The brainchild of Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, Arigato Capital finds its roots within IVY Growth Associates, which also serves as a limited partner. With a mission to create a global corridor connecting angel investors and startups, the fund places special emphasis on fostering connections in the Middle East, the US, and Europe.

In conjunction with the launch of Arigato Capital, IVY Growth Associates is gearing up to host the third edition of its flagship startup summit, 21BY72, scheduled from June 15 to June 16 in Surat. Anticipated to draw over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors, the summit promises to be a vibrant hub of entrepreneurial exchange and networking opportunities.

IVY Growth Associates boasts a commendable track record, having invested in over 100 growth-stage startups. With Rs 20 crore already deployed from its fund and an additional Rs 80 crore utilized from syndicate funds within its network, IVY’s portfolio shines with notable brands such as Rupeek, BluSmart, and Zappfresh.

As Arigato Capital takes flight and IVY Growth Associates continues its mission to fuel innovation and entrepreneurship, the Indian startup ecosystem stands poised for further growth and transformation, buoyed by the infusion of capital and support from visionary investors.