Hyderabad Angles Fund (HAF) has declared the opening of its first venture capital fund, a Category 1 Alternative Investment Fund (AIF), with a Rs. 50 crore greenshoe option and an investable corpus of Rs. 100 crore.
The fund’s primary investors are management partners, with the remainder being serial entrepreneurs and business executives from a variety of industries, including pharma, health sciences, tech, and sustainability.
According to a press release from HAF, the fund intends to invest up to Rs 5 crore in 20 disruptive businesses that are poised to expand using technology and artificial intelligence (AI) in Pre-Series A and Series A. The fund also has a strong commitment to follow-on investments to support these companies’ future growth.
Hyderabad Angels (HA), a platform for matching angel investors with up-and-coming entrepreneurs and their creative company ideas, was founded in 2012. Its mission is to develop future business leaders by investing in promising firms around the world and generating both real and intangible value.
The fund claims to source and invest in possibilities from across India in addition to foreign nations like the United States, United Kingdom, Singapore, and United Arab Emirates. The platform engages in discussions, ideation, co-investment, and information sharing with angel networks, incubators, accelerators, and institutes around the nation.
