Homegrown venture fund Arkam Ventures on Tuesday said it has launched its second fund with a target of $180 million to invest in 20 startups in Series A to B stages.
While Arkam will continue to invest in financial services, skilling, food, agriculture, healthcare, mobility, and SaaS, it will also focus on manufacturing tech and EVs.
Started by venture capitalists Rahul Chandra and Bala Srinivasa, Arkam’s portfolio currently consists of 16 companies, including fintech firms such as Jar and Kreditbee, food/agritech companies like Jai-Kisan and Jumbotail, skilling companies like Smartstaff and Cusmat, as well as SaaS companies like Spotdraft and Signzy.
Chandra and Srinivasa went to BITS Pilani, after which Srivasa worked in research and analytics firm Amba Research (acquired by Moody’s). Chandra, meanwhile, was an investor in Amba when he served as managing director at Helion Ventures. The duo later founded Arkam Ventures in 2020, whose portfolio has an aggregate market value currently over $2.5 billion.
