Who we are
Artha India Ventures is the early stage investment arm of the Artha Group of Companies.
Part of the family office of Mr. Ashok Kumar Damani and Mr. Ramesh M. Damani (both ex-Directors of the Bombay Stock Exchange), Artha India Ventures is an early-stage sector agnostic fund that has been investing in start-ups since early 2012.
Artha India Ventures currently has a portfolio of 55 companies across India and the US, and plans to grow the portfolio to 100 startups over the next 3-5 years.
Artha India Ventures has a unique self-sustaining investment model.
We invest in high-yielding renewable energy assets. We use the realizations from those assets to invest in start-ups. We plough the returns made from exits into renewable energy assets, thereby creating a self-sustaining cycle.
ASHOK K. DAMANI
Mr. Ashok Kumar Damani is a registered stock broker with the Bombay Stock Exchange (since 1983) and National Stock Exchange (since inception) as well as an active trading member on the Multi-Commodity Exchange and National Spot Exchange of India. He is also the co-owner of a chain of hotels under the brand name Platinum Hospitality and has diversified into commercial and residential property development in Kolkata and Gujrat under The Capricorn Group and SN Developers respectively.
Mr. Ashok Kumar Damani also served in various committees of the Bombay Stock Exchange for over 9 years and is an ex-Director of the Bombay Stock Exchange. He is also on the Board of Directors of 4 private companies and the publicly listed Damodar Threads. Besides his professional activities, Mr. Ashok Kumar Damani has been very actively involved in social activities too for example he is currently on the Board of Trustees for the Maheshwari Pragati Mandal and Gavarja Mata Trust and is very actively involved in charitable initiatives especially in the educational sector through our in house charitable trust.
RAMESH M. DAMANI
Ramesh M Damani has over 30 years of expertise in bullion and stock trading. He entered the stock market in 1988, and became one of the leading stock brokers in the country. Mr. Damani became a pioneer in the field of arbitrage and served as the Director of the Bombay Stock Exchange from 1997 to 2000. He went on to expand his business by setting up an institutional broking desk, a bullion trading desk and is a leading investor in the Indian markets through his proprietary desk.
Mr. Damani has recently ventured into real estate construction in Mumbai through his joint venture called Jewel Villas. Outside the business world, Mr. Damani is actively involved in philanthropic work mainly in providing education, healthcare and clean water. He is also a Trustee in the Bikaner Seva Sang. At Artha, Mr. Damani looks after the group’s finances and legal matters, and guides on strategy.
Sir Richard Branson’s Virgin Group that stands for entrepreneurship, sustainability and growth working in unison to achieve corporate goals, inspired Anirudh to create Artha Group. He chose early stage investing and renewable energy as the focus areas for the group. In renewable energy Anirudh sees the ability for each village of India to become a centre of economic growth and in Indian entrepreneurship the thrust to light up our great country.
Anirudh overlooks all the activity of the group and is primarily responsible for maintaining and promoting the corporate culture and ethics and is the group’s spokesperson. Recently he has taken on the responsibility of GP for the first early stage VC fund out of the Artha stable.
Apurva’s first professional stint was for a start-up where she grew to the position of Director in less than 3 years, and trained over 5,000 students including IIT graduates and mid to senior-level managers.
At Artha she is responsible for managing the portfolio spread over India and US as well as deploying capital into 12-15 new ventures per year. She has set a humongous goal of growing the Artha India Ventures portfolio to over 100 ventures spread across US, Europe and India.
Dishit has 6+ years of experience spanning across diverse areas such as early stage investing, equity research, strategic advisory, mergers and acquisitions, accountancy, and audit (statutory and internal). Previously worked with Bank of America and PWC. Graduated from Mumbai University and hold a degree in Chartered Accountancy from ICAI.
Has passed all 3 levels of the CFA (USA) Program and may be awarded the charter on completion of the required work experience. His past experience includes servicing global clientele, including US, UK and MENA based PE/VC funds. Graduated from Mumbai University.