Indian Angel Network announces maiden fund of Rs 350 cr

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Latest News – Indian Angel Network (IAN) on Wednesday announced that it has raised Rs 350 crore, the highest fund raised by any network under the Angel Group across the globe so far, claimed IAN.

Padmaja Ruparel, President at IAN commented, “We’re excited to be the first angel network group to introduce an early stage fund of this stature. We see this as a marquee turning point for the angel investment segment and the way startups raise capital. We believe this structure is superior for investors and start-ups alike. As a result, we expect and welcome other investors and startups to follow and build upon the path that we’ve pioneered.”

An initial funding of Rs 175 crore will be released to the network with industry veterans including Kris Gopalakrishnan, Co-Founder and ex-CEO of Infosys, Sunil Munjal, Joint Managing (Read More)

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