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Today: November 6, 2024
February 12, 2024
1 min read

Hyderabad Angels’ Game-Changing Investments: Rs 150 cr Fueling 20 Startups

TLDR:

  • Hyderabad Angels (HAF) has launched its maiden venture capital fund, with an investable corpus of INR 100 crore ($13.8m) and an additional green-shoe option of INR 50 crore ($6.9m).
  • The fund aims to deploy up to INR 5 crore ($690,000) across 20 disruptive startups that are positioned to scale with technology and AI.
  • HAF’s partners see the fund as a platform for collaboration, where founders not only secure financial backing but also tap into the collective wisdom of successful entrepreneurs.
  • The group plans to invest in startups across various sectors, including pharma, health sciences, tech, education, sustainability, and more.

Hyderabad Angels (HAF) has announced the launch of its debut venture capital fund with an investable corpus of INR 100 crore ($13.8m). The fund will focus on investing in 20 disruptive startups that have the potential to scale with technology and artificial intelligence. HAF aims to deploy up to INR 5 crore ($690,000) across these startups. The venture capital firm plans to create a collaborative platform where founders can not only secure financial backing but also benefit from the collective wisdom of successful entrepreneurs. The fund has attracted partners from various sectors, including pharma, health sciences, tech, education, sustainability, and others.

BVR Mohan Reddy, the Founder and Executive Chairman of Cyient, highlighted the importance of fostering an active engagement platform between limited partners and investors to create successful businesses. HAF aims to harness the potential of funds, direct engagement with industry leaders, and the vibrant startup ecosystem in Hyderabad. Mahankali Srinivas Rao (MSR), the CEO of T-Hub, believes that HAF is well-positioned to leverage these synergies.

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