Oyo’s Ritesh Agarwal floats Aroa Ventures to back growth-stage startups
Ritesh Agarwal has floated a new entity – Aroa Ventures – in Singapore to make his investment in early-stage startups. Aroa Ventures is sponsored by RACo Holding Company and Agarwal controls 100% stake in the investment firm.
According to filings in Singapore, the company was registered last year with Agarwal and Thomas Hufnagel as the two shareholders in the company. Later in November last year, Agarwal took over complete ownership of RA Holdings Pte, and Hufnagel who is a partner at the law firm who handled the registration transferred his holdings to the former.
“We are partial to businesses that have the ability to create disproportionate value through adjacencies. We invest between USD $500K and $5 million,” as per information provided by Aroa Ventures on its website.