Ivy Growth Associates, a micro venture capital firm based in India, has recently announced their plans to establish the IVY Growth Fund, a $30 million VC fund focusing on startups in the sustainability, agritech, healthcare, deeptech, Web3, and AI sectors. The fund will be deployed over a period of 3-5 years and will mainly target revenue-based and traction-based startups operating in the pre-Series A stage and beyond. The key players in this project 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 supported by contributions from their personal resources and micro VC capacity. The investors will include family offices, UHNIs (Ultra High Net Worth Individuals), and global professional investors. Prateek Toshniwal, CA, and Co-Founder of Ivy Growth Associates is excited to support the growth of promising startups and contribute to the global economy.

The speaker announced that they will be offering funding to startups worldwide using the $30 million fund as well as through global fund setups and collaborations. The focus will be on regions such as Asia and the Middle East, which have the potential to grow and succeed in their respective sectors. They expressed their enthusiasm for supporting promising startups and making a contribution to the global economy.