 "Inventus launches new fund with target corpus of Rs 900 cr, rebrands itself")
Early stage venture capital firm Inventus India on Thursday announced its rebranding as Athera Venture Partners, and also the launch of its fourth fund with a target corpus of Rs 900 crore (USD 120 million).
The VC firm said the rebranding reiterates its vision and focus.
Noting that 'Athera' is a Sanskrit word that means 'path' and direction, it said in a statement that the Indianness of the new identity aligns with its focus of investing in the Indian startup ecosystem.
Athera said its newly launched Fund IV worth Rs 900 crore is seeing interest from existing investors, financial institutions, overseas funds, and family offices.
"The new fund's focus areas will include a range of themes, such as, Internet of Things, Consumer Internet, Mobile, SaaS, Enterprise Software, FinTech, Web 3.0 and Deep Technology," the statement added.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app