The Angel Fund will nurture the startups that solve problems of the masses via emerging tech innovations. The parent company of the Fund is SucSEED Angels Network (1) and IIIT Hydrabad Tech Ventures. It is an early-stage tech seed initiative formed with the IIIT Hydrabad foundation.
Serial angel investors, industry leaders, mentors, and people with close association with the startup ecosystem has sponsored the angel fund. The Fund will observe a team of proven leaders in entrepreneurship and technology. It also includes venture capital investment, collaborating to bring tech innovations in the market.
The Fund will strengthen the angel investment by networking with institutional investors, offices, HNI, and retail investors from the upper-middle class. They will actively participate in the startup. They will also provide startups with an umbrella of networks to fits all its requirements.
Angel Fund to Help the Growth Story of India
Dhiraj Kumar, Co-founder of the Angel Fund, stated that today’s startups are the legendary companies of tomorrow. SucSEED Indovation Fund would concentrate on passionate and focused entrepreneurs and supporting them. The Fund will support these startups to find them the capital to build innovative tech-solutions. These innovations would then solve problems for the Millenials while scaling their business at a rapid pace.
J. A. Chpwdary, Co-founder of the Fund, added that the Fund would focus on early-stage tech ecosystem. The Fund will support these startups with the Government’s initiatives such as “Atma Nirbhar” and “Digital Economy”. These initiatives and solutions would meet the needs of B2C customers, along with corporates and governments.
The Angel Fund aims to help to increase the growth story of India. While working on India’s startups, it would also bring its extensive experience of Angel communities and their working. It would provide the required insights to aid the discovering startups and their development.
The Fund is expected to play a vital role in building a niche for deep tech-startups. The Angel Fund will guide the companies and their portfolios towards their goal via providing mentoring programs.
Author: Rucha Joshi
Source : https://timesnext.com/angel-fund-for-tech-startup-raises-100-crore-inr/
Date : 2020-09-02T07:23:06.000Z