Rs 150 Cr fund launched by Hyderabad Angles Fund to invest in AI startups
A Category 1 Alternative Investment Fund (AIF) with an investable corpus of Rs 100 crore and an additional Rs 50 crore greenshoe option is Hyderabad Angles Fund’s (HAF) first venture capital fund.
The fund’s investors are made up of business leaders and serial entrepreneurs from a variety of industries, including tech, sustainability, health sciences, and pharmaceuticals. The fund’s largest investors are management partners.
With a strong commitment to follow-on investments to support future growth, HAF stated in a press release that the fund aims to deploy up to Rs 5 crore across 20 disruptive startups in Pre-Series A and Series A that are positioned to scale with technology and AI.
Hyderabad Angels (HA) is a platform that connects angel investors with fresh, creative business ideas and new-generation entrepreneurs. It was founded in 2012. It seeks to develop budding entrepreneurs and makes investments in promising businesses around the world in order to generate both tangible and intangible value.
The fund claims that it searches for and invests in opportunities across India as well as in the United States, United Kingdom, Singapore, and United Arab Emirates. In order to discuss, brainstorm, co-invest, and exchange knowledge, the platform works with other angel networks, incubators, accelerators, and institutes across the nation.
