Artha India Ventures closes first round of its INR 500 Cr Fund II

Artha India Ventures announced the first close of Artha Venture Fund II at INR 250 crore, targeting INR 500 crore. The fund focuses on seed-stage startups in premium consumption, fintech, AI, and deeptech using a 1-2-4 model, targeting 15-20% ownership. Managing Partner Anirudh A. Damani notes ecosystem ‘reset’ with seed investment scarcity. Founded in 2012 by Ashok Kumar Damani, Artha has invested in 140 startups including OYO and Rapido.