VC firm Aroa VP onboards Sidbi as limited partner

BENGALURU: Aroa Venture Partners, a venture capital firm which has invested in companies such as Unacademy, Urban Company, and Cred, has onboarded the Small Industries Development Bank of India (Sidbi) as its limited partner. Sidbi has committed a total of Rs 40 crore, founder and managing partner Gaurav Gulati told TOI.
The new fund, with a target corpus of Rs 400 crore, was launched in Feb.The firm is planning its first close by March next year, he said. – Supriya Roy