Arkam Ventures, an early-stage venture capital firm, has announced the launch of its second fund, Fund II, with a target corpus of $180 million. The firm has almost doubled the size of its maiden fund, which closed last year at $106 million. With Fund II, the VC plans to create a portfolio of 20 tech startups focused on emerging sectors such as electric vehicles (EV) and manufacturing technology. The fund is looking to invest in Series A and Series B startups.
Along with EV and manufacturing technology, Arkam Ventures will also continue to invest in areas such as financial services, skilling, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS). The firm has set its focus on startups that aim to make an impact across various sectors and industries. Their investment in these emerging sectors is expected to help them cater to the growing demand of innovative technologies and solutions.
Since its inception, Arkam Ventures has invested in more than 12 startups, including video analytics company Vidooly and AI-powered conversational platform Vernacular.ai. Fund II will allow the VC to increase its investment portfolio and support emerging startups in India.
Arkam Ventures will provide financial and operational support to these early-stage ventures to help them scale their business and become market leaders. The VC has expressed its interest in collaborating with some of the most innovative and scalable startups in India. With a focus on emerging sectors and innovative technologies, Arkam Ventures is taking a significant step towards strengthening the Indian startup ecosystem.
Overall, Arkam Ventures’ Fund II aims to create a valuable network of startups across various sectors. Their investment in innovative technologies is expected to help drive change across these industries. With a target corpus of $180 million, Fund II is poised to provide emerging startups with the financial and operational support they need to grow and become market leaders.
