Hyderabad Angel Fund Unveils Rs 100 Crore Startup Investment
Hyderabad Angel Fund has launched a Rs 100 crore venture capital fund aimed at investing in high-potential startups across sectors like AI, gaming, and spacetech. The fund plans to back 15-20 startups, reflecting a renewed confidence in India's early-stage investment ecosystem, with significant commitments already secured.
- Country:
- India
In a significant boost to India's startup ecosystem, Hyderabad Angel Fund has announced a Rs 100 crore venture capital initiative aimed at supporting high-potential startups across various sectors. The fund specifically targets areas such as generative AI, gaming, spacetech, drones, and more.
The fund intends to invest in 15-20 startups, with investment amounts ranging from Rs 2-4 crore per company. It also includes a Rs 50 crore greenshoe option, indicating strong investor interest in early-stage innovation.
Kalyan Sivalenka, Managing Director at Hyderabad Angel Fund, emphasized the growing confidence in India's early-stage ecosystem, with regional funds playing a crucial role. The fund has already secured significant commitments and is in advanced stages of raising its first institutional cheque.
(With inputs from agencies.)
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- Hyderabad Angel Fund
- venture capital
- startups
- AI
- gaming
- spacetech
- drones
- investment
- early-stage
- India
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