Hyderabad Angels Fund (HAF) has unveiled plans to launch a Rs 150 crore venture capital fund, primarily targeting investments in artificial intelligence (AI) startups. The fund, which is structured as a Category 1 Alternative Investment Fund (AIF), will have a core investment corpus of Rs 100 crore, with an additional potential investment of Rs 50 crore through a greenshoe option. HAF’s investor base comprises seasoned entrepreneurs and industry leaders from various fields, including pharmaceuticals, health sciences, technology, and sustainability. Additionally, the management partners are the fund’s largest investors.
The primary objective of the fund is to deploy up to Rs 5 crore across 20 disruptive startups operating in the Pre-Series A and Series A stages, with a strong emphasis on technology and AI-driven business models. HAF emphasized its commitment to providing follow-on investments to support the future growth of the selected startups. In a press release, the fund stated that it seeks to identify startups positioned to scale rapidly by leveraging cutting-edge technology and AI.
Established in 2012, Hyderabad Angels (HA) functions as a platform connecting angel investors with aspiring entrepreneurs who possess innovative business ideas. HA aims to foster and nurture these entrepreneurial talents while investing in promising startups on a global scale, aiming to create both tangible and intangible value.
The launch of HAF’s venture capital fund marks a significant step toward bolstering the startup ecosystem, particularly in the AI sector. By bringing together experienced investors and disruptive startups, the fund aims to facilitate growth, innovation, and collaboration within the entrepreneurial landscape. With a considerable investable fund at its disposal, HAF is poised to be a key player in supporting and shaping the future of AI startups.
Industry experts have also shared their perspectives on the development. Commenting on the launch, a representative from HAF stated, We are excited to announce the launch of our maiden venture capital fund. With a strong focus on the potential of AI-driven startups, we aim to provide the necessary financial and strategic support to entrepreneurs who are at the forefront of disruptive technology. Our goal is to create a vibrant ecosystem that nurtures innovation and fosters sustainable growth.
The announcement of HAF’s venture capital fund comes at a time when the AI sector is experiencing exponential growth globally. Startups leveraging AI technologies have the potential to revolutionize various industries and drive economic progress. The availability of dedicated funding, such as the HAF fund, will undoubtedly strengthen the sector and promote the development of groundbreaking solutions.
As the fund begins its journey, Hyderabad Angels Fund is expected to play a crucial role in identifying and investing in the most promising AI startups. With a diverse investor base and a clear vision for growth, HAF is poised to make a significant impact on the startup ecosystem, while also stimulating economic progress in the AI sector.
