Alpha Fund > Media Coverage & Press Releases  > Indian Angel Fund Launches New Alpha Fund

Indian Angel Fund Launches New Alpha Fund

India’s largest platform for seed and early-age investing, Indian Angel Network (IAN), has launched a new Rs.1000 crore fund to further back its portfolio companies and make new investments.

The second fund, titled ‘IAN Alpha Fund’, comes nearly three years after the network achieved the final close of its maiden fund, IAN Fund, at Rs 375 crore in November 2019.

The SEBI Registered Cat II VC fund is built to leverage the portfolios of both IAN Angel Platform and IAN Fund I besides investing in new sustainable businesses, the company said.

The fund will add significant impetus to IAN’s vision of backing raising Rs 5000 crore to back 500 start-ups and creating 500,000 jobs. Its portfolio of over 200 companies, including three unicorns, has a market valuation of $9 billion collectively. The company has so far infused Rs 900 crore into early-stage start-ups and has created over 80,000 jobs, it claims.

In an exclusive conversation with CNBC-TV18, Padmaja Ruparel, Senior Managing Partner, Jaideep Mehta, Managing Director & Saurabh Srivastava, Chairman, Indian Angel Network, decode IAN’s investment strategy. Listen in.

#indianangelfund #alphafund #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

About CNBC-TV18: India’s leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.