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Artha Venture Fund I delivers 61% IRR, portfolio revenue tops Rs 2,100 Cr
YourStory
·
2m ago
Medial
Artha Venture Fund I (AVF I) has achieved a 61% internal rate of return (IRR) on a Rs 225 crore fund launched in FY19. With investments in 32 seed-stage startups, the fund's portfolio valuation surpassed Rs 750 crore, and FY25 revenue reached over Rs 2,100 crore. AVF I's top-ranked performance involves profitable companies like Agnikul and LenDenClub, a 20% Distributed to Paid-In Capital (DPI), and plans for focused follow-on investments through the Artha Select Fund.
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HDFC AMC invests in Athera's Rs 900 Cr Fund
Entrackr
·
7m ago
Medial
Tech-focused venture capital fund Athera Venture Partners, previously known as Inventus India, has received investment from HDFC AMC'S Select AIF FoF I Scheme for its Fund IV which is scheduled to close in 2025. HDFC Fund of Funds will be a dominant LP in Athera's Rs 900 crore fund, which will invest in tech startups operating in consumer internet, enterprise software, AI, and other emerging technologies. Athera has invested in several startups, including Ati Motors (autonomous robotics), Terra (3D immersive gaming platform), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI automation), and Billion Hearts (digital consumer products for a global audience). With these 6 investments, 30% of the portfolio is already constructed and the fund is already in the positive IRR territory. Over the next 18-24 months, Athera will invest in a dozen more such startups from its Fund IV. Overall, the VC firm has invested in over 40 companies so far, including category-defining ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more.
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TakeMe2Space raises Rs 5.5 crore
Economic Times
·
5m ago
Medial
SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.
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Inflection Point beats benchmark in exit from nearly half-a-decade old bet
VCCircle
·
11m ago
Medial
Venture capital firm Inflection Point Ventures (IPV) has achieved impressive returns with its full exit from Fashor, an ethnic wear brand. IPV reported an internal rate of return (IRR) of 33% and a money over money (MoM) multiple of 3.75x from its investment in the omnichannel retail company. The firm claims to have made 12 successful exits in 2022, with an IRR of 160%, and completed 14 exits in 2023 with a 61% IRR. To date, IPV has made 45 exits with an average IRR of 128% and evaluates thousands of startups annually.
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Atmosphere - The Store Makers raises Rs 5 Cr in seed round
Entrackr
·
8m ago
Medial
Atmosphere–The Store Makers, a Mumbai-based innovator in retail and workspace fit-outs, has raised Rs 5 crore in a seed round co-led by Artha Venture Fund and PIL Italica Lifestyle Limited. The proceeds will be used to expand its offerings in the premium retail, hospitality, and workplace ‘Design & Build’ segments, led by its innovative design solutions researched in its factories. Founded by Nilesh Rathod, Atmosphere delivers bespoke solutions that align with the evolving demands of affluent consumers and luxury brands. The startup claims to have a track record of over 500,000 sq ft of premium retail work delivered. From its 60,000 sq ft manufacturing facility to its in-house design capabilities, Atmosphere delivers end-to-end solutions that reflect precision, innovation, and the ethos of each brand they serve. Atmosphere has delivered spaces for leading brands, including Aisshpra Gems and Jewels, Aza, Emporio Armani, Kalki Fashions, Akoirah, Kuuraku, Kamat Hotels, Libas, Michael Kors, and Tumi, among others. The brand is also launching a design lab to develop intricate design capabilities and streamline production.
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IIFL Fintech Fund reports 80% IRR on first exit, 24% overall IRR
YourStory
·
1y ago
Medial
IIFL Fintech Fund, backed by the IIFL Group, has invested in 14 portfolio companies, achieving a 0% deadpool rate and with 40% of the portfolio being EBITDA positive. The fund has achieved an 80% Internal Rate of Return (IRR) on its first exit and has an overall portfolio IRR of 24% and Total Value Paid-In (TVPI) of 1.35X. The fund focuses on early-stage fintechs and SaaS platform players in the financial services industry. It follows a collaborative approach, offering support in product development, business strategies, hiring, and financial discipline.
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Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche
Entrackr
·
23d ago
Medial
Venture capital firm Kettleborough VC, founded by early-stage investor Nisarg Shah, has launched its second fund with a target corpus of Rs 80 crore and announced a first close at Rs 35 crore. The fund is backed by a mix of family offices and entrepreneurs from India and the US. According to Kettleborough, Fund II will continue to invest in deeply experienced founders at the earliest stages, typically those with over 10 years of domain expertise and a strong execution focus. The firm will write initial cheques of $300,000–$500,000 in about 10 startups, with significant follow-on reserves for high-performing bets. Founded in 2021, Kettleborough VC has built a name as a conviction-led, construct-specific fund. Its Fund I backed 12 startups including Zippmat, InPrime, Finhaat, and Elivaas, nine of which received their first institutional cheque from Kettleborough. These portfolio companies have since raised follow-on rounds from investors like Omnivore, Lightspeed, 3one4, and Bessemer. “We only back founders for whom the startup is a natural outcome of a decade-long journey in their domain. Fund I has validated this thesis with strong portfolio traction and early PMF. Fund II doubles down on this conviction,” said Shah. Kettleborough added that it focuses on “Dhandha-first” businesses, with interest across financial services, commerce infrastructure, and vertical SaaS/AI platforms. Shah has personally backed over 30 startups, with 10 exits and 80 follow-on rounds, including hits like Foxtale, Onebanc, and Homeville.
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IPV Plans to Invest Rs 150-200 Crore in Start-Ups This Year; Exits 14 Firms With 61% Return
OutlookIndia
·
1y ago
Medial
Angel investment platform Inflection Point Ventures (IPV) is set to invest around Rs 150-200 crore in startups in 2024. IPV has already made investments of approximately Rs 750 crore out of its Rs 1,200 crore fund. The platform has achieved an average internal rate of return (IRR) of 61% from its partial and full exits from 14 firms in 2023. IPV has made a total of 56 investments, including 46 new investments and 10 follow-on investments. The company plans to continue investing in high-potential startups, especially in drone, sports, health, and fintech sectors.
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Singularity AMC’s SGOF II oversubscribed at Rs 1800 Cr, eyes final close soon
Entrackr
·
4m ago
Medial
Singularity AMC, a growth equity platform for private and PIPEs, has announced that its second PE fund, Singularity Growth Opportunities Fund II (SGOF II), is oversubscribed at Rs 1800 crore. Launched in August 2023 with a Rs 1,500 crore corpus and a Rs 500 crore green shoe option, the fund saw strong investor interest, securing its first close at Rs 500 crore within a month. It focuses on Energy Transition, next-generation industrials, Consumer, Healthcare, and Financial Services. SGOF II has already backed eight companies, including Lohum, a battery recycling startup; HEG, an energy transition platform such as Sterling & Wilson Data Centre, a data center EPC provider, Sabine, an IVF healthcare company, Classic Legends, the maker of JAWA motorcycles, Qucev, a sustainable EV manufacturer and Deal 7, a luxury watch retailer. Over the next two years, the fund aims to invest Rs 75-175 crore in 12-15 companies. Founded in 2016, Singularity AMC is led by Yash Kela and Mithun Sacheti. The firm manages three funds and has invested in Swiggy, Paytm, Jana Small Finance Bank, and Jawa. Its first fund achieved a 30% IRR and is on track to reach 3x MOIC. The fund follows a structured investment approach, with 40% allocated to late-stage companies, 40% to profitable growth-stage firms, and 20% to high-conviction venture-stage opportunities. Its current portfolio is valued at Rs 492 crore, with a Multiple on Invested Capital (MOIC) of 1.2x.
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Inflexor announces first close of Opportunities Fund at Rs 280 crore
Economic Times
·
9m ago
Medial
Early-stage venture capital firm Inflexor announced the first close of its Opportunities Fund at Rs 280 crore, out of the targeted Rs 350 crore. The fund has attracted investments from HDFC AMC Select AIF FoF I Scheme and other domestic limited partners, including HNIs, family offices, corporates, and institutions. Inflexor aims to achieve the final close by the end of the month. The fund will be used to acquire the entire investment portfolio of the firm's first fund and increase stakes in existing portfolio companies. Inflexor has already invested in companies like Kale Logistics, Atomberg, and PlayShifu.
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Daalchini doubles revenue in FY24, aims for an encore in FY25
VCCircle
·
11m ago
Medial
Daalchini Technologies, a retail startup supported by investors like Artha Venture Fund and Unicorn India Ventures, has achieved significant revenue growth in the financial year ending March 2024. The company's revenue almost doubled, reaching Rs 42 crores compared to Rs 22 crores in the previous year. Daalchini Technologies aims to continue this growth trajectory in the following year.
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