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Aroor Opportunity Fund has so far received in-principle commitments of over INR 400 crore.
The company plans to roll out checks ranging from Rs 40 to Rs 40 to 20-25 startups from the new fund.
Gulati also noted that the fund has set aside an additional Rs 400 crore as greenshoe option.
Aroa Venture Partners has reportedly launched a new fund with a corpus of INR 400 crore ($50 million).
Allor Opportunity Fund, which obtained registration as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI) in October 2022, has so far secured in-principle commitments of over Rs. ET reported.
Founder and Managing Partner Gaurav Gulati said the firm’s investment approach covers everything from seed to Series C. The two companies said they plan to lead investments from seed to Series A rounds, and co-invest in Series B and C.
He said the company plans to roll out checks ranging from Rs 40 to Rs 40 to 20-25 startups from the new fund.
Gulati also noted that the fund has secured an additional Rs 400 crore as greenshoe option in addition to the final fund corpus.
The fund will primarily take a multi-sector approach. However, real estate and Web3 are excluded from investment targets. Real estate is considered mature and there is ample capital available for ventures in this area. Although Web3 presents attractive potential, VCs have yet to identify scalable and commercially viable use cases to build confidence.
Aroa Venture Partners was founded in 2020 by Gaurav Gulati. is a venture capital firm with a multi-sector and multi-tier investment strategy. We focus on early to growth stage businesses across a variety of sectors. Oyo’s founder and CEO Ritesh Agarwal is its sole limited partner.
Recently, Endiya Partners, a fund whose portfolio companies include Darwinbox, Cult.fit, Kissht, Sigtuple, Zluri, Qapita, Eyestem, Sugar.fit, Mylo and Scrut Automation, announced that its corpus ranges from 800 Cr to 1,000 Cr (from $100 million). ($125 million).
According to a report by Inc42, 64 funds were announced and launched in 2023, including venture capital funds, micro funds, and corporate VC funds. These funds exceeded $5.6 billion. In contrast, 126 funds were launched in 2022, raising more than $18 billion for startup investments.
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