Arkam Ventures launches $180mn Fund II to back technology-backed focused startups

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Arkam Ventures launches $180mn Fund II to back technology-backed focused startups
Arkam Ventures launches $180mn Fund II to back technology-backed focused startups

For the next 400 million Indians driven by digitization, Fund II aims to build tech solutions

Early-stage venture capital firm Arkam Ventures, which aims to back technology-focused startups, has announced Fund II with a target corpus of $180 million. The firm issued a statement that mentions the fund will tap into top-tier global institutional investors and family offices for investments.

The first fund of Arkam Ventures includes British International Investment, SIDBI, Evolvence, Quilvest, and others as limited partners.

Former Co-founder and Managing Director at Helion Venture Partners, Rahul Chandra, and former Partner at Kalaari Capital, Bala Srinivasa, founded Arkam Ventures in 2020. Backing 16 startups, including fintech startups Jar and KreditBee, food and agritech companies Jai Kishan and Jumbotail, skilling companies Smartstaff and CUSMAT, as well as SaaS startups SpotDraft and Signzy, the final close of its $106 million Fund I was announced by the firm in April 2022.

For the next 400 million Indians driven by digitization, Fund II aims to build tech solutions and will continue to focus on ‘middle India opportunity’. Including manufacturing technology and electric vehicles, the new fund will back a portfolio of 20 startups in existing as well as new sectors.

“As a team with 20 years of venture investing experience in India, we believe that the defining themes for the next decade will be the untapped Middle India market, rapid scale, and capital efficiency,” said Rahul Chandra, Managing Director at Arkam, in a statement.

He added, “Arkam’s “foundation-first” approach helps portfolio companies create sustainable businesses with the right governance, organisational design, and go-to-market strategies.”

Arkam will back startups across Series A and Series B stages with the fund. For follow-on rounds, the company will also deploy capital in strong portfolio companies. Focused on organisational design, go-to-market (GTM) strategy, finance, and operations, the fund will also bolster its portfolio advisory function, said the statement.

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