In the dynamic landscape of startups, securing funding is often the lifeline that propels innovative ideas into successful businesses. IVY Growth Associates, a micro venture capital fund, has recently announced the launch of Arigato Capital, a SEBI-registered Category I AIF VC fund with a target corpus of Rs 250 crore. This move marks a significant development in the Indian startup ecosystem, offering promising startups access to vital financial support.
Understanding Arigato Capital
Arigato Capital emerges as a sector-agnostic fund, poised to invest in startups across various emerging sectors such as agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies. This broad investment approach reflects IVY Growth’s commitment to supporting diverse ventures with disruptive potential.
The fund’s launch comes at a strategic time when the Indian startup ecosystem is witnessing unprecedented growth and innovation. With a target corpus of Rs 250 crore, Arigato Capital aims to catalyze the growth of early-stage startups, providing them with the necessary capital to scale their operations and achieve market traction.
Key Highlights of Arigato Capital
- Fundraising Timeline: Arigato Capital is set to commence its fundraising efforts in June 2024, with the aim of closing all commitments within the next 15-18 months. The fund targets Rs 100 crore for its first close, laying the foundation for subsequent investment rounds.
- Investment Focus: Arigato Capital seeks to invest in startups beyond the seed stage or in pre-Series A stages. With an average ticket size of $500,000, the fund aims to provide startups with sufficient capital to fuel their growth initiatives and navigate the challenges of early-stage development.
- Global Corridor Expansion: Through Arigato Capital, IVY Growth endeavors to establish and expand a global corridor that connects angel investors and startups. This strategic initiative aims to foster collaboration, knowledge sharing, and investment opportunities across international borders, amplifying the impact of venture capital in driving innovation and entrepreneurship.
Executive Reshuffle at Flipkart: Anuj Rathi’s Appointment
In other news, the executive landscape at Flipkart Group has witnessed a notable reshuffle with the appointment of Anuj Rathi as the Chief of Product at Jupiter Money, Flipkart’s travel platform. Rathi, who previously served as the Chief of Product at Jupiter Money, brings a wealth of experience and expertise to his new role.
Rathi’s appointment underscores Flipkart’s commitment to bolstering its leadership team ahead of its proposed IPO. With a strong background in product management and revenue growth, Rathi is poised to drive strategic initiatives and enhance the user experience across Flipkart’s travel platform.
Healing Trauma Through Psychodrama: Magdalene Jeyarathnam’s Impact
Amidst these developments, Magdalene Jeyarathnam’s work in healing trauma through psychodrama shines a light on the transformative power of therapeutic interventions. With over two decades of experience working with the LGBTQIA+ community, Jeyarathnam has dedicated her career to counseling individuals living with HIV/AIDS and supporting transpersons.
At the Indian Institute of Psychodrama in Chennai and the East West Centre for Counselling, Jeyarathnam utilizes psychodrama—a therapeutic modality pioneered by Jacob Moreno—to facilitate healing and self-discovery. By leveraging role-playing and dramatization, Jeyarathnam helps her clients navigate complex emotions, address past traumas, and embark on a journey towards healing and empowerment.
Conclusion
As the Indian startup ecosystem continues to evolve and expand, the launch of Arigato Capital and the executive reshuffle at Flipkart underscore the dynamic nature of entrepreneurship and innovation. With initiatives aimed at fostering growth, empowering startups, and promoting social impact, these developments pave the way for a vibrant and resilient ecosystem that thrives on collaboration, innovation, and inclusivity.
Read more: Marketing News, Advertising News, PR and Finance News, Digital News
