Artha Venture Fund, a micro venture capital firm based in Mumbai, India, is gearing up for a transformative year in 2026, targeting 10 to 12 exits from its early-stage investments. These exits are expected to yield returns ranging from modest single-digit multiples to over 100 times the invested capital. The firm has shifted its focus towards secondary sales and founder buybacks as alternatives to initial public offerings (IPOs), which are seen as more efficient in the current market landscape, according to Anirudh Damani, the managing partner. Notably, the fund's investment in cloud communications company Exotel has generated an impressive 113 times return on the initial investment of about ₹7 lakh (approximately $8,400 USD).

In January 2026, the top 18 companies within the fund's portfolio generated over ₹200 crore in revenue, indicating a robust annualized run rate of around ₹2,400 crore (approximately $288 million USD). The overall positive performance of the portfolio is attributed to the growing Indian economy, which is expanding at a rate of approximately 6.5 percent. As the firm raises its next fund with a target corpus of ₹500 crore (approximately $60 million USD), it maintains a structured allocation model focusing on early-stage investments while reserving a significant portion for follow-on capital. Damani also highlights emerging investment themes in artificial intelligence and small and medium enterprise (SME) buyouts, driven by a talent reverse flow from abroad.