VC Fund Athera Venture Partners receives Investment from HDFC AMC
Athera Venture Partners Gains Key Investment from HDFC AMC'S Select AIF FoF I Scheme has invested in tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, for its Fund IV, which is expected to close in 2025.
Athera's Rs. 900 crore funds, which will invest in tech startups in consumer internet, enterprise software, artificial intelligence (AI), and other emerging technologies, will have HDFC Fund of Funds as a major limited partner.
Athera has made investments in a number of startups, such as Billion Hearts (digital consumer products for a global audience), Cyn:Lr (computer vision for robotics), ClickPost (logistics management software), Ati Motors (autonomous robotics), and Terra (3D immersive gaming platform).
With these six investments, the fund has already achieved positive internal rate of return and has constructed 30% of the portfolio. Athera plans to use its Fund IV to invest in twelve more of these startups over the course of the next 18 to 24 months.
Including category-defining businesses like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more, the venture capital firm has invested in over 40 companies overall thus far.
We are honored that the Fund of Fund scheme of HDFC AMC decided to invest with us and trust our investment philosophy! Rutvik Doshi, General Partner & MD of Athera, stated, "With this fund, we remain committed to supporting the Indian startup ecosystem and are looking forward to backing many exciting and innovative founders who are set to transform the world with their solutions."
Athera's Rs. 900 crore funds, which will invest in tech startups in consumer internet, enterprise software, artificial intelligence (AI), and other emerging technologies, will have HDFC Fund of Funds as a major limited partner.
Athera has made investments in a number of startups, such as Billion Hearts (digital consumer products for a global audience), Cyn:Lr (computer vision for robotics), ClickPost (logistics management software), Ati Motors (autonomous robotics), and Terra (3D immersive gaming platform).
With these six investments, the fund has already achieved positive internal rate of return and has constructed 30% of the portfolio. Athera plans to use its Fund IV to invest in twelve more of these startups over the course of the next 18 to 24 months.
Including category-defining businesses like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more, the venture capital firm has invested in over 40 companies overall thus far.
We are honored that the Fund of Fund scheme of HDFC AMC decided to invest with us and trust our investment philosophy! Rutvik Doshi, General Partner & MD of Athera, stated, "With this fund, we remain committed to supporting the Indian startup ecosystem and are looking forward to backing many exciting and innovative founders who are set to transform the world with their solutions."
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