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IVY Growth Associatesโ€™ โ€œ21BY72 Startup Summitโ€ a resounding success

VCCircleVCCircle ยท 1y ago
IVY Growth Associatesโ€™ โ€œ21BY72 Startup Summitโ€ a resounding success
Medial

The "21BY72 Startup Summit" organised by IVY Growth Associates was a major success, attracting over 20,000 participants including startup founders, investors, and industry leaders. The event provided networking opportunities and insights into technology, business, and entrepreneurship trends. Notable speakers included Anupam Mittal, founder of shaadi.com, and Bollywood actress Radhika Madan. The summit, aiming to strengthen the startup ecosystem, featured a live pitching event where startups presented their ideas to investors and advisors. IVY Growth Associates has invested in various sectors and is focused on expanding its global corridor connecting angel investors and startups. The summit positioned Surat as a promising startup hub in India.

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IVY Growth launches Rs 250 Cr Arigato Capital fund

EntrackrEntrackr ยท 1y ago
IVY Growth launches Rs 250 Cr Arigato Capital fund
Medial

Micro venture capital firm IVY Growth Associates has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore. This sector-agnostic fund is set to invest in startups across a variety of sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies, the fund said in a press release. Arigato Capital aims to begin raising capital in June 2024, with plans to close all commitments over the next 15 to 18 months. The Venture Capital (VC) fund targets a first close at Rs 100 crore and will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. Founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, IVY Growth Associates claims to have invested in over 100 growth-stage startups. The firm has deployed Rs 20 crore from its fund and utilized more than Rs 80 crore from syndicate funds within its network. IVYโ€™s portfolio includes notable brands such as Rupeek, BluSmart, and Zappfresh. In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21 BY 72, from June 15 to June 16 in Surat. The summit is expected to attract over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors.

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