Hyderabad Angels Fund (HAF) has officially launched its maiden Venture Capital Fund, a Category 1 Alternative Investment Fund (AIF), featuring an investable corpus of INR 100 crore and an additional greenshoe option of INR 50 crore. This strategic fund is specifically designed to focus on startups placing a significant emphasis on scalability through technology and AI. The fund aims to deploy up to INR 5 crore across 20 disruptive startups that are positioned to scale with technology and AI in pre-series A/series A with a strong commitment to follow-on investments to support future growth.
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“As serial entrepreneurs and angel investors, we are staunch believers in the transformative force of innovation. We are building HAF as a dynamic, collaboration-driven platform where founders not only secure financial backing but also tap into the collective wisdom of accomplished Limited Partners (LPs) who themselves are successful entrepreneurs,” Sri Myneni and Kishore Ganji, Managing Partners of HAF, said.