Equentis Wealth Advisory Services has introduced the Equentis Angel Fund, its first Category I Alternative Investment Fund (AIF). The Equentis Angel Fund is aiming to invest in high-growth, early-stage Indian startups with a target corpus of Rs 500 crore ($60 million).
With an emphasis on Pre-Series A and Bridge-to-Series A rounds, the fund will invest between Rs 4 and 10 crore ($500K and $1.2 million). The fund’s primary focus will be startups with a total addressable market (TAM) of Rs 8,000 crore ($1 billion) and a solid growth trajectory.
With an emphasis on deep tech, consumer tech, defense, fintech, AI, and logi tech, Equentis’ Angel fund intends to invest in 40–50 startups over the course of the next 18–24 months in order to provide growth capital for the expansion of their enterprises.
Market research indicates that as of 2024, there were more than 128,000 startups, ranking it as the third largest in the world. Startups are expected to raise over $15 billion by the end of 2024, having already raised over $10 billion. By themselves, angel funds (Cat-I AIF, VCF) have raised about $1 billion in investor commitments.
Equentis, operating under the OORJAA brand, has made its first investment in Yatnavat.
