Hyderabad Angels Fund Unveils New Venture Capital Fund
Hyderabad Angels Fund (HAF) has unveiled its new venture capital fund, establishing itself as a Category 1 Alternative Investment Fund (AIF) with a massive investment capacity of Rs 100 crore, further supported by an additional greenshoe option of Rs 50 crore.
This significant funding resource has attracted diverse investors, including leading industry figures and successful entrepreneurs from various fields such as pharmaceuticals, health sciences, technology, and sustainability. Notably, the management partners have made the largest contributions to the fund.
HAF’s Primary Focus on Nurturing Disruptive Startups
HAF’s primary focus is on nurturing disruptive startups that harness the power of technology and artificial intelligence (AI), intending to allocate up to Rs 5 crore each to 20 selected ventures during their Pre-Series A and Series A stages. The fund is firmly committed to facilitating future growth by providing follow-on investments.
Hyderabad Angels (HA) Empowers Aspiring Entrepreneurs
Having been established in 2012, Hyderabad Angels (HA) has made it its mission to act as a bridge between angel investors and entrepreneurs with innovative business propositions. The organization aims to empower and support aspiring entrepreneurs by directing investments towards promising startups worldwide. Importantly, HAF’s investment scope extends beyond national boundaries, seeking out opportunities in countries such as the USA, UK, Singapore, and UAE. To foster collaboration and drive innovation, the platform actively engages with other angel networks, incubators, accelerators, and educational institutions globally, enabling dialogue, ideation, co-investment, and knowledge-sharing.
Analyst comment
Positive news. The market is likely to see an increase in funding for disruptive startups focused on technology and AI. Hyderabad Angels Fund’s investment capacity of Rs 100 crore, with an additional greenshoe option of Rs 50 crore, will attract diverse investors and support the growth of 20 selected ventures. The fund’s global investment scope and collaboration with other networks and institutions will facilitate dialogue, ideation, and co-investment.
