The Indian Angel Network (IAN) today announced a new INR 350 Cr fund to invest in Indian startups. The first INR 175 Cr have come from the domestic market. Kris Gopalakrishnan, Co-founder, ex-CEO, Infosys, Sunil Munjal, Joint Managing Director, HERO Corp, and Dr Devi Shetty, Founder and Chairman, Narayan Hrudalaya have been on-boarded as a part of its advisory committee.
The fund aims to focus on early-stage startups in the healthcare and medical devices, SaaS, marketplaces, fintech, big data, AI, and hardware, supporting entrepreneurs with funds in the range of Rs 50 lakh to Rs 30 crore, co-investing with other VCs.
The fund will support all the IAN deals as well as independently co-invest with other VCs. Together, IAN and the IAN Fund (plus co-investors), will invest approximately Rs 1,500 crore in 160 odd companies over the next four years.
Are you a startup looking to raise funds? Yes, we can help.
We at LeanFlo Inc. work closely with startups right from idea stage and help them establish as a venture. We work closely with the founders and make them ready to pitch with the investors. This includes help in preparing the pitch-deck, business plan and mock sessions for investor pitching. we also help startups connect with angel networks and angel investors.
Feel free to write us at firstname.lastname@example.org or visit us at www.leanflo.co