With a target corpus of $180 million, early-stage venture capital firm Arkam Ventures has launched its Fund II and will keep concentrating on industries like financial services, skilling, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS).
Rahul Chandra and Bala Srinivasa are the leaders of Arkam, a new venture fund that supports entrepreneurs developing tech-driven products for the middle class. The fund has invested in 16 startups, including SaaS businesses like Spotdraft and Signzy as well as fintech companies like Jar, Kreditbee, Jai-Kisan, and Jumbotail.
With Fund II, Arkam hopes to invest more money and support its entrepreneurs and portfolio companies in additional funding rounds. The Arkam portfolio currently has a market value that exceeds $2.5 billion.
A portfolio of 20 tech startups will be assembled by Arkam’s Fund II, which is anticipated to close by the end of the year. It makes investments ranging from Rs 10-20 crore ($1.2-$2.5 million) in pre-series A to series B companies.
Arkam Ventures announced the closing of its first fund at $106 million in April 2022.
