Athera's Rs 900 Cr Fund is invested in by HDFC AMC
Tech-focused venture capital support Athera venturePartners, already known as Inventus India, has gotten speculation from HDFC AMC'S Select AIF FoF I Plot for its Finance IV which is planned to near in 2025.
HDFC Finance of Reserves will be a dominant LP in Athera’s Rs 900 crore support, which will contribute to tech new companies working in consumer internet, enterprise software, AI, and other developing technologies.
Athera has contributed to a few new businesses, counting Ati Motors (autonomous robotics), Terra (3D immersive gaming stage), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI robotization), and Billion Hearts (digital buyer items for a global audience).
With these 6 ventures, 30% of the portfolio is as of now built and the finance is as of now in the positive IRR territory. Over another 18-24 months, Athera will contribute to a dozen more such startups from its Support IV.
Overall, the VC firm has contributed to over 40 companies so distant, counting category-defining ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and numerous more.
source: entrackr.