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.
Cabinet Approves "PM Wani," Indian Government's Public Wi-Fi venture
Lava Mobiles Starts Manufacturing Phones For Other Brands In India
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
© 2021 CIO Bulletin. All rights reserved.