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.
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