Arkam Ventures, a venture capital firm, has announced that it has raised $180 million in funding. The funds will be used to target opportunities in Middle India, focusing on sectors such as mobility, skilling, healthcare, financial services, and manufacturing. The funding round aims to support 20 startups in their Series A and B stages.
Key investors in this funding round include British International Investment, SIDBI, and Evolvence. Rahul Chandra, the Managing Director of Arkam Ventures, plans to make around 20 investments from the fund and has expressed particular interest in the analytics and battery replacement segments.
The announcement was made by Chandra in an interview with Avanne Dubash on Startup Central. During the interview, he discussed Arkam Ventures’ investment strategy and their goal to seize the opportunities in Middle India.
Chandra emphasized the importance of investing in sectors that are critical to the growth and development of the country. Mobility, skilling, healthcare, financial services, and manufacturing are areas that he believes have immense potential for innovation and entrepreneurship.
By focusing on these sectors, Arkam Ventures aims to support startups that are addressing the unique challenges and needs of Middle India. This refers to the sections of the population that are neither extremely wealthy nor living in poverty. These individuals represent a significant portion of the country’s population and are often overlooked by investors.
The funding from Arkam Ventures will enable these startups to scale their operations, develop innovative solutions, and make a positive impact on the lives of people in Middle India. Chandra believes that by providing capital and guidance to these companies, they can create sustainable businesses that contribute to the growth and development of the country.
In his interview, Chandra also highlighted the importance of analytics and battery replacement as potential investment opportunities. With advancements in technology and the increasing demand for data-driven insights, analytics has become a crucial tool for businesses. Similarly, battery replacement is gaining significance due to the rapid expansion of the electric vehicle market.
Overall, Arkam Ventures’ new funding round and its focus on Middle India demonstrate their commitment to supporting startups that are addressing the needs of a significant section of the population. By investing in sectors such as mobility, skilling, healthcare, financial services, and manufacturing, Arkam Ventures aims to contribute to the growth and development of the country.
