Inventus India Rebrands to Athera Venture Partners It also announced the launch of its fourth fund with a target corpus of INR 900 crore

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

company handout

Inventus India, an early stage venture capital firm, announced its rebranding as Athera Venture Partners on Thursday. It also announced the launch of its fourth fund with a target corpus of INR 900 crore.

"As of today, Inventus India is now Athera Venture Partners. Our new brand identity reflects our ethos and philosophy and builds on the foundation of our legacy. It conveys our renewed commitment to startup founders. Our name expresses our intent of being companions to the founders we back, with long term support that is required in a dynamic environment. Our ethos is recognised and appreciated by the founders we have partnered with, and is evident in the return of many who become investors in our fund", said Parag Dhol, general partner, Athera Venture Partners.

Athera has also announced the launch of its Fund IV of INR 900 crore. "Given the strong performance of the previous funds, it is seeing interest from existing investors, financial institutions, overseas funds, and family offices.," the company said in a statement.

With Fund IV, Athera will continue its core strategy of investing in early rounds of technology focussed companies, with an emphasis on making investments in new and emerging technology sectors. 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. Fund IV will invest with ticket sizes between INR. 5-45 crore, and follow on in future rounds.

Inventus Capital Partners was established in 2006 as a cross border firm investing in the US and India. In 2018, the General Partners of Athera Venture Partners raised an oversubscribed Inventus III - India Fund, with a corpus of INR 369 crore.

"With our new fund raise, we wish to literally triple down on the startup ecosystem in India that is on a bullish growth trajectory. At Athera, we are committed to identifying and supporting India's most visionary tech entrepreneurs. We recognize that building the next generation of companies requires patient, supportive capital and a flexible and collaborative approach that we are uniquely positioned to offer, since it has been our core philosophy for more than a decade now," said Rutvik Doshi, general partner, Athera Venture Partners.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Leadership

International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Business News

Here Are 3 Strategies Startup Founders Can Use to Approach High-Impact Disputes

The $7 billion "buy now, pay later" startup Klarna recently faced a public board spat. Here are three strategies to approach conflict within a business.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

Report: The Majority of Recent College Grads End Up in Jobs That Don't Need Bachelor's Degrees

Two research companies looked at a dataset of 60 million Americans.

Business News

Vice Will No Longer Publish Content on Its Website, Lays Off Hundreds of Staffers

Vice Media CEO Bruce Dixon announced the news in an internal memo to employees on Thursday.