VC Ivy Growth $30Mn Fund to Nurture Sustainable Startups

Ivy Growth Associates, a micro VC firm based in Surat, announced its plans to launch a $30 million VC fund, IVY Growth Fund, by FY24-25.

The fund will cater to startups with revenue and traction, especially in the sectors of sustainability, agritech, healthcare, deeptech, Web3, and AI.

The fund will be led by Rachit Poddar, Prateek Toshniwal, and Sharad Todi (Co-founders of Ivy Growth Associates) and Mehul Shah (Advisor of Ivy Growth Associates), who will also contribute from their personal and micro VC capacity. The fund will also attract family offices, UHNIs, and global professional investors as its LPs.

Ivy Growth Fund to back pre-series A and beyond Startups

The IVY aims to support startups in the pre-Series A stage and beyond, who are looking for global expansion and opportunities.

The fund will leverage its partnerships with funds in the Middle East, Singapore, Japan, the UK, and the US to help Indian startups access global markets and capital.

The fund will also help startups overcome the challenges of the economic slowdown and debt financing constraints, and enable them to scale their growth plans by investing in infrastructure, innovation, and technology. The Venture Captial firm has already invested in over 70+ startups.

The micro VC firm Ivy plans to launch a $30 million global fund in DIFC in Dubai, UAE, and Saudi Arabia by 2026, to further its vision of backing promising startups across the globe.

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