IAN Marks First Close Of Its Second Fund At INR 355 Cr To Invest In Early Stage Startups

IAN Marks First Close Of Its Second Fund At INR 355 Cr To Invest In Early Stage Startups

SUMMARY

IAN will make early-stage investments across sectors like cleantech, healthtech, fintech, deeptech, spacetech, consumer, agritech, cybersecurity, hardware and robotics

IAN launched the fund in 2022 and said that many names from its first fund had returned to the advisory board of the second fund

IAN claims to have already invested INR 900 Cr (around $108 Mn) in 250 startups with an overall valuation of approximately $9 Bn

Indian Angel Network (IAN), which has backed startups like Clensta, Spinny, Sattuz, Astrome and Dhruva Space, announced the first close of its second venture capital fund at INR 355 Cr ($42.5 Mn).

The IAN Alpha Fund has a target corpus of INR 1,000 Cr ($119 Mn). 

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