The IAN Alpha Fund, a SEBI-registered Cat II venture capital fund with a fund corpus of INR 1,000 crores, has been launched by Indian Angel Network (IAN), the country’s first and largest platform for seed and early-age investing. This is the second IAN Fund in the series.
This Fund is consistent with IAN’s goal of investing Rs. 5000 crores in 500 businesses, which will result in the creation of 500K employment. In order to help entrepreneurs create high-growth, valuable businesses, it will continue to make fundraising for startups easier, bring mentors who have “been there and done that” advice, and harness the worldwide IAN ecosystem network, as per reported by IndianWeb2.
Mr. Saurabh Srivastava, Co-founder of IAN said, “IAN is recognized in the industry for pioneering angel investing in India and it has continued to innovate by launching a VC fund ( IAN Fund 1) along with the Angel Group to provide a seamless platform for seed and early stage investing. The launch of the IAN Alpha Fund is the logical evolution of our desire to provide quality entrepreneurs with money, mentoring and market access.”
IAN Alpha Fund has various distinguishing features. High-quality, well-mentored proprietary investment possibilities across sectors. The Fund has access to Tier 2 and 3 entrepreneurs who are solving large-scale problems. Their capacity to be “creative & disruptive” helps them solve challenges and harness growing markets to build successful firms. The Fund wants to invest in Cleantech & environment, Healthtech, Agritech, Edutech, Fintech, and emerging areas like Industry 4.0, Space tech, Web 3, Robotics, etc. with cheques from $1 to $5mn, along with co-investors, mentioned by IndianWeb2.
The IAN Alpha Fund is being led by Ms. Padmaja Ruparel, Senior Managing Partner of IAN Alpha Fund. She said, “After IAN Fund 1 which has been fully deployed and started to return capital, we wanted to continue building on IAN’s vision of being the single largest platform for early-stage funding. Hence, launching IAN Alpha Fund was the next logical step. This will, in fact, leverage and garner benefits from IAN’s global network, domain experts & high quality mentors to help the Partners build another high-return potential portfolio. We will be keen on investing in innovative ideas that have the capacity to generate profits and aim to solve real-world problems.”
Mr. Jaideep Mehta, Managing Partner, IAN Alpha Fund, said, “IAN has always been at the forefront of seed and early-stage funding. I have been involved with the IAN Platform for a decade and, after the success of IAN Fund 1, am delighted to join the IAN Alpha Fund team where we will seek to support Founders building future global giants leveraging future technologies”
The country’s entrepreneurs have benefited greatly from the unleashing of private capital because to Indian Angel Network. In its portfolio of more than 200 companies, it has seeded and bred businesses that are currently valued at $9 billion or more, including 3 unicorns and 5 soonicorns. With an initial investment of about INR 900 Cr, the Indian Angel Network platform has stimulated 18000 Cr in investments and produced over 80,000 jobs. Additionally, Forbes has acknowledged it as a “Iconic Business Event” of Independent India.
Mr. Vinod Keni, Managing Partner, IAN Alpha Fund, said, “With IAN Alpha Fund, entrepreneurs can access larger Series A round cheques from IAN. For us the idea is to support the ventures not only from Tier I cities but even from Tier 2 & 3 areas that are solving real-world problems at large. We are eyeing startups that are scaling quickly with technology as their core foundation.”
About Indian Angel Network
The largest network of angel investors in Asia is the Indian Angel Network, which is eager to fund startups with the potential to generate disproportionate value. The Network’s members have a history of starting new businesses or running profitable operations, making them leaders in the entrepreneurial ecosystem. Since Indian Angel Network and the British government have established operations in London, IAN is also the first angel group in the world to become global.
About IAN (Indian Angel Network) Alpha Fund
IAN Alpha Fund is IAN’s second Fund. It will leverage the portfolios of IAN Angel Platform and IAN Fund I and invest in innovative sustainable enterprises tackling real challenges with technology. IAN continues its heritage of establishing a portfolio of high-quality firms by founders that understand customer needs and have the leadership to grow great businesses.