Summary:

  • IVY Growth Associates, a leading micro venture capital firm, has announced the creation of Arigato Capital, a SEBI-registered Category I Alternative Investment Fund (AIF) 

  • This new fund targets a corpus of Rs 250 crore

  • The fund will begin its capital-raising efforts in June 2024

IVY Growth Associates, a leading micro venture capital firm, has announced the creation of Arigato Capital, a SEBI-registered Category I Alternative Investment Fund (AIF) focused on venture capital. This new fund targets a corpus of Rs 250 crore and aims to provide crucial financial support to startups across various sectors.

Arigato Capital is designed to be sector-agnostic, offering investments to startups in a wide range of industries. These sectors include agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies. By maintaining a diverse portfolio, Arigato Capital aims to leverage opportunities in multiple high-growth areas, ensuring a balanced and strategic investment approach.

The fund will begin its capital-raising efforts in June 2024. Arigato Capital plans to secure all commitments within the next 15 to 18 months, to achieve its first close at Rs 100 crore. This initial closing will enable the fund to start investing in promising startups beyond the seed stage or those in the pre-series A stages. The average investment size is expected to be around $500,000, providing substantial backing to startups at critical points in their growth journeys.

IVY Growth Associates, the firm behind Arigato Capital, was established by industry veterans Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi. The firm has built a strong reputation in the venture capital space, having invested in over 100 growth-stage startups. IVY Growth Associates has deployed Rs 20 crore from its fund and utilized an additional Rs 80 crore from syndicate funds within its extensive network. This strategic deployment of funds has resulted in a robust portfolio, featuring notable brands such as Rupeek, BluSmart, and Zappfresh. These successes underscore IVY Growth Associates’ ability to identify and nurture high-potential ventures effectively.

Complementing the launch of Arigato Capital, IVY Growth Associates will also host the third edition of its highly anticipated startup summit, 21 BY 72. Scheduled for June 15 to June 16 in Surat, this summit is expected to be a major event for the entrepreneurial community. The summit aims to gather over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors. This event will provide a unique platform for networking, knowledge sharing, and fostering collaborations among key stakeholders in the startup ecosystem.

The 21 BY 72 summit will feature a range of activities, including panel discussions, keynote speeches, and pitch sessions. These activities are designed to offer valuable insights into the latest industry trends, investment strategies, and entrepreneurial challenges. Attendees will have the opportunity to engage with industry experts, gain exposure to innovative ideas, and explore potential investment opportunities. By bringing together a diverse group of participants, the summit aims to create a dynamic and supportive environment that encourages the growth and success of startups.

In summary, the launch of Arigato Capital marks a significant milestone for IVY Growth Associates. With its ambitious target corpus and sector-agnostic investment approach, the fund is well-positioned to make a substantial impact on the startup ecosystem. The concurrent hosting of the 21 BY 72 summit further demonstrates IVY Growth Associates’ commitment to fostering innovation and supporting the growth of high-potential startups. As Arigato Capital begins its journey in June 2024, it promises to be a vital player in driving the next wave of entrepreneurial success stories.