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We Founder Circle Launches Angel Fund In India

The target size of the fund shall be up to Rs 200 crore with a green shoe option of up to Rs 200 crore, thereby totaling Rs 400 crore

We Founder Circle Launches Angel Fund In India
POSTED ON December 09, 2022 12:11 PM

We Founder Circle (WFC), an early-stage start-up investment platform, which includes a global community of founders and strategic angels, has launched the Invstt Trust angel fund to empower start-up investments in India. The target size of the fund shall be an amount of up to Rs 200 crore with a green shoe option of up to Rs 200 crore, thereby totaling Rs 400 crore.

WFC has also launched the We Founder Circle Global Angels Fund in Gujarat's GIFT City. This cross-border fund has a fund size of $30 million with a green shoe option of $30 million. It also has a term of seven years with an option to extend by an additional two years.

Though sector-agnostic, the fund will predominantly look at investing in entities across financial services, deep tech, financial technology, EV, content gaming, industrial tech, retail tech, edtech, supply chain, agritech, direct-to-consumer (D2C) segment and manufacturing.

“These funds are a natural extension of our endeavor to include more start-ups and investors into the mainstream of the ecosystem. We have been building both sides of the community & this fund will enable the growing number of angel investors to invest in a regulatory and compliance-based framework. We expect to bring in more than 1000 angel investors to invest in 200 start-ups in the next 24 months,” said Neeraj Tyagi, co-founder and chief executive officer of WFC.

In the past 23 months, WFC has invested more than 70 start-ups in their early stage and mentored them through various initiatives. 

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