OYO Founder Ritesh Agarwal And Ex-CXO of Innov8 Gaurav Gulati have setup a Startup Investment Fund

In an effort to back startups in the early stage, Ritesh Agarwal, Founder and CEO, OYO Rooms, along with ex-CXO of Innov8 Gaurav Gulati, have set up a startup investment fund called Aroa Ventures. Singapore-based Aroa Ventures, on its website, says that it is partial to businesses that have the ability to create disproportionate value through adjacencies. The new fund will invest between $500,000 and $5 million in segments, including consumer, technology, and leisure infrastructure sectors.

The website further reads, "We believe that the long-term environment will always be favourable for making value-add investments in companies with proven unit economics and high potential to scale.  At Aroa, we focus on growth-stage businesses in the consumer, technology, and leisure infrastructure sectors." ​"We are operationally-oriented and seek to partner with entrepreneurs of high repute, building long-lasting businesses. Beyond capital, our team of serial entrepreneurs and experienced professionals work alongside portfolio companies to accelerate their growth, and to deliver better risk-adjusted returns," it adds.