Indian Angel Network(IAN) launches IAN Alpha Fund with INR 1000 Cr Corpus

Padmaja Ruparel Indian Angel Network

The Indian Angel Network (IAN), a venture capital (VC) firm focused on seed and early-stage investing, has launched the IAN Alpha Fund, a SEBI Registered Cat II VC fund with a fund corpus of INR 1000 crores. This is the second in the series of IAN Funds.

IAN intends to invest in 500 startups with INR 5000 crore and create about five lakh jobs. It will continue to ease fundraising for startups, bring guidance from mentors who have been there and done that, as well as leverage the global network of the IAN ecosystem, enabling entrepreneurs to build high-growth, valuable companies.

Saurabh Srivastava, Co-founder of IAN, said, “IAN is recognised 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.”

The investment thesis of the IAN Alpha Fund is to invest in startups with high-quality founders who are solving real problems for a large customer base and are scaling quickly by leveraging technology and innovative business models. 

The Fund intends to invest in cleantech and environment, healthtech, agritech, edutech, fintech, and emerging sectors like Industry 4.0, Space Tech, Web 3, Robotics, etc. with cheque sizes ranging from $1 to $5 million, along with co-investors.

The IAN Alpha Fund is led by Padmaja Ruparel, Senior Managing Partner of the 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 the IAN Alpha Fund was the next logical step. This will, in fact, leverage and garner benefits from IAN’s global network, domain experts, and 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.”

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