Artha India Ventures (AIV) today (26th August 2025) announced the final close of its “winners-only” follow-on vehicle, Artha Select Fund (ASF), at ₹432 crore, overshooting its original target of ₹330 crores by an impressive 131%.

This milestone takes Artha’s total Assets Under Management past ₹1,200 crores, cementing its position as India’s first and only venture capital institution backed by a family office.

ASF will invest in the top 15% of performers from Artha’s existing portfolio of 135+ companies across Artha Venture Fund I, Artha Continuum Fund, and the soon-to-launch AVF II.

The fund will write Series B and C cheques of around ₹20 crores each, for 12–14 winners over the next four years.

With 33 successful exits to date, Artha has built a proven track record of identifying and nurturing category leaders. Its flagship Artha Venture Fund I, India’s first SEBI-registered microVC, is ranked No. 1 for 2019 vintage returns in India and No. 2 globally.

ASF builds on that momentum, creating a capital bridge from early-stage to growth, addressing India’s “missing middle” funding gap where many Series A–C companies stall due to limited capital and a lack of operational support.

“ASF allows us to stay invested in our most promising companies well into their scale-up phases,” said Anirudh A. Damani, Managing Partner of Artha Venture Fund & Artha Select Fund.

“India has no shortage of promising ventures, but far too many face a capital drought between Series A and C. ASF ensures our winners have the firepower, strategic guidance, and operational backing to compete globally while preserving founder ownership and focus.”

Indian family offices and ultra-high-net-worth individuals anchor 80% of the fund’s capital, with the remaining 20% from global LPs in Singapore, UAE, Mauritius, Hong Kong, Africa, and the U.S.

Sponsor AIV has committed nearly 10% of the fund. ASF’s roster of backers includes household names such as Atul Kirloskar’s Family Office, DSP Family Office, Shahi Exports, HIRA Group, and Anikarth Ventures — highlighting the depth of trust in Artha’s disciplined investing philosophy.

Srinath Ravichandran, Co-founder & CEO of Agnikul Cosmos, India’s pioneering private space launch company, said: “When you’re building something as complex and ambitious as a launch vehicle, more than capital, you need partners who truly believe in your mission.

Artha backed us when Agniban was still on the drawing board, and with ASF, they’ve committed to walking the entire journey with us from seed to Series C. That conviction gave us the freedom to focus on solving engineering challenges and pushing the boundaries of what’s possible, without being weighed down by constant fundraising.

Their support has been both strategic and deeply personal, and that’s what makes all the difference.”