The Hyderabad Angels Fund (HAF) has launched its maiden venture capital fund, with an investable corpus of INR 100 crore ($14 million) and an additional greenshoe option of INR 50 crore. The fund, which will invest in early-stage start-ups, plans to deploy up to INR 5 crore across 20 start-ups in pre-Series A or Series A funding stages. It will focus on start-ups that seek to scale up through technology and artificial intelligence. The fund will provide both financial backing and mentorship to start-up founders.
Hyderabad Angels, a platform that connects angel investors and entrepreneurs, has launched its maiden venture capital fund, raising INR 150 crore ($21 million) for early-stage start-ups. The Hyderabad Angels Fund (HAF) is a category I alternative investment fund (AIF) with an investable corpus of INR 100 crore and an additional greenshoe option of INR 50 crore. The fund aims to deploy up to INR 5 crore across 20 start-ups at the pre-series A or series A funding stages. HAF will focus on start-ups looking to scale up through technology and artificial intelligence, offering both financial backing and mentorship. The fund founders, Sri Myneni and Kishore Ganji, hope to create a dynamic, collaboration-driven platform.
