Artha Venture Fund (AVF), a Mumbai-based early-stage micro-VC fund, announced the final close of its debut fund at Rs 220 crore.
Artha Venture Fund said 50+ limited partners (LPs) participated in the fund, with almost half of the LPs increasing their investment commitments in the last three months.
The fund has allocated over 65 percent of its corpus for follow-on rounds and will make 10-12 seed+ investments per year, the statement added.
