Hyderabad Angles Fund (HAF) has launched its first Venture Capital Fund, a Category 1 Alternative Investment Fund (AIF), with a corpus of Rs 100 crore and an additional greenshoe option of Rs 50 crore.
The fund aims to deploy up to Rs 5 crore across 20 disruptive start-ups 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.
The fund is designed to focus on start-ups that are placing a significant emphasis on scalability through technology and AI.
The fund encompasses successful entrepreneurs and business leaders in Pharma, Health sciences Tech, Education, Sustainability, and other sectors.
Sri Myneni and Kishore Ganji, managing partners of HAF, express their thoughts on the development by collectively saying, “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.”
The fund strategically taps into the mentorship of Hyderabad's serial entrepreneurs and investors across diverse sectors, fostering an impactful catalyst for start-up founders to drive innovation and achieve rapid scalability. HAF, drawing on the established platforms and processes created by Hyderabad Angels, the statement read issued by the firm.