IVY Growth Associates Unveils Arigato Capital: A New Engine for Early-Stage Innovation
Arigato Capital by IVY Growth 
Micro venture capital (VC) firm IVY Growth Associates has announced the establishment of Arigato Capital, a Category I AIF VC fund registered with SEBI (Securities and Exchange Board of India). This new fund boasts a targeted corpus of Rs 250 crore earmarked for propelling growth in various sectors.
Investing in Diverse Sectors with a Focus on Early Stages
Arigato Capital embraces a sector-agnostic approach, aiming to empower startups across a broad spectrum of industries. These include agritech, cleantech, generative artificial intelligence (AI), fintech, consumer brands, and software-as-a-service (SaaS) companies. Capital raising is slated to commence in June 2024, with a timeline of 15 to 18 months to secure all investment commitments.
The fund prioritizes backing startups beyond the seed stage, specifically targeting those in pre-Series A funding rounds. Arigato Capital anticipates offering an average investment of $500,000 per venture.
Building on a Strong Track Record
Led by a team of accomplished investors – Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi – IVY Growth Associates boasts a history of supporting over 100 growth-stage startups. The firm has strategically deployed Rs 20 crore from its own resources and effectively leveraged over Rs 80 crore through syndicate funds within its network. IVY’s portfolio reflects this success, featuring prominent brands like Rupeek, BluSmart, and Zappfresh.
A Commitment to Fostering Innovation
Beyond launching Arigato Capital, IVY Growth Associates demonstrates its dedication to nurturing the startup ecosystem by hosting the third edition of its “21 BY 72” startup summit. Scheduled for June 15-16 in Surat, the summit anticipates attracting a significant audience, including over 200 startup founders, 200 venture capitalists, and more than 500 investors. This event serves as a valuable platform for fostering connections and propelling innovation within the Indian startup landscape.