Sarika Saxena has been appointed as the managing partner for IAN Alpha Fund, which is a SEBI-registered AIF Cat II (Alternative Investment Fund Category II). Saxena comes with an impressive background of over 25 years of diverse professional experience, having held key leadership roles in different organisations. 

Her experience and proven track record in start-up and early-stage investments make her a valuable addition to the IAN Group, said the firm in its release. Her investment portfolio spans a wide range of sectors, including consumer, technology, fintech, and EdTech, both in domestic and international markets. Her expertise has played a pivotal role in facilitating early-stage investments amounting to $100 million, and she has successfully overseen an Asset Under Management (AUM) of approximately $300 million, the statement added.    

Raman Roy, co-founder of IAN, said, "We are thrilled to welcome Sarika Saxena as the new Managing Partner of IAN Alpha Fund. Her exceptional insights, extensive industry expertise, and unwavering commitment to early-stage investing make her a perfect addition to the top-class team of current managing partners. We are confident that Sarika will not only accelerate our diversified investment strategy but also drive growth for the portfolio companies, the Fund invests in" 

Sarika Saxena, the managing partner at IAN Alpha Fund, said, "I am truly honored to be a part of IAN, an esteemed organisation that has consistently led the industry as a pioneer for an impressive 16 years. I am excited to join the prestigious IAN leadership team and I look forward to utilising my domain expertise, extensive global network, and multifaceted experience to drive the IAN Alpha Fund's success, both in India and on the international stage." 

In October 2022, IAN launched its ambitious IAN Alpha Fund to invest a substantial amount across the sectors. It had shared its vision of investing in 500 start-ups with Rs 5,000 crore and creating 5,00,000 jobs. The IAN Alpha Fund, a Rs. 1000 crore ($125 Million) SEBI-registered AIF Category II VC Fund, is the second fund in IAN’s series of funds. 

Listed by Forbes as one of the iconic business and economic events of Independent India, the group is the country’s single largest platform for seed and early-stage investment platform with IAN Angel Group, BioAngels, and IAN Fund I, the first in the series of VC Fund enabling entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores from quality investors who provide funds, mentoring, and global market access.