Indian Angel Network launches Rs 1,000 crore venture capital fund, planing to focus on investing in Web3 and other fields
2022/10/21 05:02
According to Moneycontrol, a platform for seed and early-age investing, Indian Angel Network (IAN) on October 20 said it launched the IAN Alpha Fund, a SEBI-registered (Securities and Exchange Board of India) category two venture capital fund of Rs 1,000 crore. IAN said that the new fund is the second in the series of its funds. In a statement, IAN said the new fund is looking to invest in cleantech and environment, healthtech, agritech, edtech, fintech, and emerging sectors like industry 4.0, spacetech, web 3, and robotics. The fund said the cheque sizes will range from $1 to 5 million, along with co-investors.
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