Indian Angel Network Alpha Fund

Indian Angel Network Alpha Fund, a New Delhi-based SEBI-registered AIF Category II venture capital fund, invests in early-stage technology and innovation-driven companies, targeting USD 100-125 million with a first close of Rs 355 crore. Building on the IAN Group's track record of investing over Rs 900 crore in 250+ startups, its collective portfolio holds a market valuation exceeding $9 billion, including three unicorns and five soonicorns. Key figures include Saurabh Srivastava, Padmaja Ruparel, Priyank Shanker Garg, and Jaideep Mehta. The fund typically leads seed and early-stage rounds with Rs 1-2 crore in companies raising up to Rs 6 crore. The Indian Angel Network was founded in 2006 by Padmaja Ruparel and others, with the Alpha Fund launching as its second fund.