Ivy Growth Associates, a micro venture capital firm based in India, has announced its plans to establish a $30 million VC fund known as the IVY Growth Fund. This fund is slated for deployment over a 3-5 year period and will be directed toward startups operating in the sustainability, agritech, healthcare, deeptech, Web3, and AI sectors.
The focus of the fund is on revenue-based and traction-based startups, starting from the pre-Series A stage and beyond. Key figures in this endeavor include Rachit Poddar, Prateek Toshniwal, and Sharad Todi, who are the Co-founders of Ivy Growth, as well as Mehul Shah, an Advisor to Ivy Growth.
The fund will be backed by contributions from their personal resources and micro VC capacity. Investors will comprise family offices, UHNIs (Ultra High Net Worth Individuals), and global professional investors.
Prateek Toshniwal, CA, and Co-founder of Ivy Growth Associates has shown excitement in supporting promising startups’ growth and contributing to the global economy.
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He stated, “Through the $30 million fund and our global fund setups and collaborations, we will provide funding to pre-Series A and above level startups in jurisdictions all across the globe focusing on regions like Asia and the Middle East, which have the growth potential to become successful in their respective sectors. We are excited to support the growth of promising startups and contribute toward the global economy.”
