The firm floated by cofounder and former managing partner of Helion Venture Partners Rahul Chandra and Kalaari Capitals Bala Srinivasa plans to complete raising the fund fully by the end of 2023.
Arkam Ventures launches $180 M Fund II yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Arkam Ventures is courting its second fund, aiming for $180 million, nearly doubling the size of its maiden fund, as the Indian venture capital firm gears up to double down on the expanding 'middle India' opportunity. The firm's partners said in an interview that they are hopeful to retain support from high-profile international institutional investors and family offices for the new fund. Key investors in Arkam's first fund included British International Investment, SIDBI and Evolvence.
Arkam Ventures, which has invested in companies such as Jar, Kreditbee, Jai-Kisan, Jumbotail, and Signzy from its first fund, will look to make early-stage bets in around 20 companies from the second fund
Arkam Ventures: Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology