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Angel Funds
Hyderabad Angel Fund (haf.vc) on Thursday announced a Rs 100 crore venture capital initiative to back high-potential startups across the country in areas such as generative AI, gaming, spacetech, and drones. The fund plans to invest in 15-20 startups across emerging and high-growth sectors. On its radar are areas such as generative AI, gaming, SpaceTech, drones, HealthTech, consumer tech, FinTech, enterprise SaaS, and sustainability. "As India's early-stage investment landscape begins to rebound after a cautious 2024, Hyderabad Angel Fund (haf.vc) has announced a Rs 100 crore venture capital initiative to back high-potential startups across the country," the release said. The investments would typically range from Rs 2-4 crore per company, with reserves for follow-on rounds to support scaling ventures. "Haf.vc has already identified 3 potential startups with termsheet and completed investment in one," the Sebi-registered Venture Capital Fund said. Kalyan Sivalenka, Managing Direc
Markets regulator Sebi on Wednesday proposed raising the maximum investment limit by an angel fund in a startup to Rs 25 crore, a move that can provide a boost to the new-age technology companies. It has been proposed that the minimum investment limit should be reduced to Rs 10 lakh from Rs 25 lakh at present and that the maximum investment limit be increased to Rs 25 crore from the current Rs 10 crore, Sebi said in its consultation paper. Additionally, the regulator has proposed allowing only "accredited investors" to invest in angel funds, looking to rationalise their fundraising processes, strengthening disclosure as well as governance requirements and providing operational clarity and investment flexibility. These proposals aim to restrict angel funds to investors with commensurate risk appetite and ability to evaluate investment proposals, while also enhancing the ease of doing business in this space, Angel Funds, a type of Category I AIFs - Venture Capital Funds, provide capit
The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem, the US India Strategic and Partnership Forum (USISPF) said Tuesday and applauded the proposal in the Union budget to reduce tax rates for the foreign companies to 35 per cent. India has long been a country of engineering and tech talent, yet there have been gaps in the innovation ecosystem. The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem. This important reform will stimulate increased startup funding from both domestic and international sources, the US India Strategic and Partnership Forum (USISPF) said. Applauding the decision to reduce tax rates for the foreign companies to 35 per cent, the USISPF said this action creates parity between domestic and foreign players and will be an important boost for global investors seeking to shift their international supply chains away from China. At the .
Investment firm Soonicorn Ventures on Tuesday said it has received Sebi's approval to introduce an alternate investment fund with a corpus of Rs 250 crore. The newly approved angel fund will have an additional Rs 250 crore available as a green-shoe option, bringing the total fund capacity to Rs 500 crore, the firm said in a statement. "Soonicorn Ventures (SV), the Gurugram-based investment technology platform, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to introduce an Angel Fund, operating as a Category-I Alternate Investment Fund (AIF)," it added. SV has a sector-agnostic approach to investments and will allocate investments ranging from Rs 50 lakh to Rs 4 crore in startups at the initial funding stages. The platform has been investing in promising sectors, such as Drone Technology, B2B SaaS, Electric Vehicles (EV), Financial Technology (FinTech), Supply Chain Logistics and others. Soonicorn Ventures' portfolio startups include Zypp, .