Athera Venture Partners, formerly known as Inventus India, has secured an investment from HDFC Asset Management Company’s Select AIF FoF I Scheme for its upcoming Fund IV, which is slated to close in 2025. This investment marks a significant milestone for Athera as HDFC Fund of Funds becomes a dominant Limited Partner (LP) in their Rs 900 crore fund.
Athera’s Fund IV will focus on tech-driven startups across a range of sectors, including consumer internet, enterprise software, artificial intelligence, and emerging technologies. The fund has already built a promising portfolio with investments in innovative startups such as Ati Motors (autonomous robotics), Terra (3D immersive gaming platform), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI automation), and Billion Hearts (digital consumer products). These six investments already account for 30% of the portfolio, putting the fund in positive IRR territory.
Looking ahead, Athera plans to invest in a dozen more startups over the next 18-24 months, expanding its tech-focused portfolio and capitalizing on the rapidly evolving tech landscape. Since its inception, Athera has made over 40 investments in transformative companies, including high-profile ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, and Unbxd, among others.
With HDFC’s backing and a robust portfolio of investments, Athera is poised to continue driving innovation in India’s tech startup ecosystem.
