Indian Angel Network closes maiden fund round at INR 375 cr

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...

IAN Fund, organised by the Indian Angel Network, has been able to draw around INR 375 crore at the final closing of the fund, reported ET.

The maiden fund of the Indian Angel Network comes after two years of its efforts for its seed-stage vehicle.

“The fact that we have achieved and exceeded our capital target underlines our impressive growth trajectory and highlights the faith that investors have in our vision,” Padmaja Ruparel, founding partner of IAN Fund, said.

While, the IAN Fund had a target of about INR 325 crore, it is backed by other angel investors and entrepreneurs, including former Infosys CEO Kris Gopalakrishnan, industrialist Sunil Munjal and Sequoia Capital MD Rajan Anandan, among others.

IAN said that the startups can raise between ₹25 lakh and ₹25 crore from the IAN platform, which also includes its angel network.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Delhi: Fire at Luggage Manufacturing Factory Claims Lives of 43 People

Massive fire broke out at 5AM on Sunday, at a luggage manufacturing factory in north Delhi and claimed lives...

Integrated logistics startup Allcargo buys controlling stake in Gati for around INR 416 cr

Marking its foray into the express logistics race, Allcargo, an integrated logistics startup, has reportedly bought a majority stake in Gati Ltd for around...

Punjab govt looks to set up INR 100 cr startup fund to support MSMEs, entrepreneurs

With a view to support the Indian startup ecosystem, the Punjab government is looking to set up an INR 100 crore startup fund to...

Govt to deploy bigger funds for startup to boost Startup India scheme, says Piyush Goyal

In order to surge the Startup India scheme, which was started by Prime Minister Narendra Modi, the Commerce and Industry Minister, Piyush Goyal, said...

Govt orders e-commerce unicorns Amazon, Flipkart to submit annual compliance reports as per FDI norms

Stating stiff laws against violation of foreign direct investment (FDI) by the e-commerce platforms such as Amazon and Flipkart, the government has now made...
- Advertisement -

More Articles Like This