Mumbai's Artha Venture gets ₹100cr in debut fund's 2nd close

Mumbai-based Artha Venture Fund has raised ₹100 crore in the second close of its first early-stage investment fund. "We expect to make the final close of ₹200 crore by April 2020," an Artha Venture Managing Partner said. The fund had said it will invest up to about ₹14 crore over the course of 3 rounds into 40-45 early stage companies.