Oyo founder RiteshAgarwal has started an early-stage Venture Capital fund called Aroa Ventures. The investments by the VC will focus on growth stage startups in consumers, technology, and leisure infrastructure sectors. GauravGulati, the co-founder of Innov8 is also included in the fund and will be heading the fund.
It will look to invest in startups which have revenues of over $500,000 to $1 million. The firm will be engaging in deals between $1 million and $10 million.
Aroa Ventures website says, “Beyond capital, our team of serial entrepreneurs and experienced professionals work alongside portfolio companies to accelerate their growth and to deliver better risk-adjusted returns.”
Aroa Ventures will also look to form partnerships with entrepreneurs to help build strong businesses and connect to their network. Aroa team will work with a range of companies to help accelerate their growth and generate bigger returns.
According to reports, Aroa Ventures was registered last year with RiteshAgarwal and ThomasHufnagel, a partner at the law firm that handled the registration. They were at the time the two shareholders of the firm.
Founder Kishore Biyani explains the exit of Future Group from retail business
Carl Pei leaves OnePlus to start a new venture
Samsung starts mass producing the latest eUFS 3.1 storage modules
Indian Startup Bounce secures $6.5m from InnoVen Capital
Google backed Dunzo secures funds from Alteria Capital
© 2020 CIO Bulletin. All rights reserved.