To provide investments in growth-stage startups in consumer, technology, and leisure infrastructure sectors, Ritesh Agarwal (OYO Founder) has launched an early-stage venture capital fund, Aroa Ventures.
Aroa Ventures will invest in startups with annual revenues ranging from $500,000-$1 million. And as per the fund, it will have an average deal size of $1 million-$10 million.
This is not the first time an Indian startup founder has turned investor.
Now with this VC fund, Ritesh Agarwal will join the likes of renowned startup founders turned angel investors such as Vijay Shekhar Sharma, Sachin Bansal, Kunal Shah, and Kunal Bahl.
Coming back to the news, Aroa Ventures aims to provide more than just capital to entrepreneurs.
The website states,
“Beyond capital, our team of serial entrepreneurs and experienced professionals work alongside portfolio companies to accelerate their growth and to deliver better risk-adjusted returns.”