ah! Ventures sets up $14 million angel fund to support 30-35 early-stage startups

Venture capital company, ah! Ventures launched an alternative investment fund (AIF) angel fund that has a corpus of around $14 million (INR 100 Cr). The fund also has a green shoe option of INR 50 crore.

The fund will invest in early-stage Indian startups focusing on domestic and international markets. The fund is expected to be closed within the next 60 days. Furthermore, over the next three years, the fund will write off cheques ranging from INR 3 crore to INR 5 crore in 30-35 early-stage startups. Despite being sector-agnostic, the first angel fund will prioritise startups in healthcare, fintech, education, B2B SaaS, enterprise tech, and direct-to-consumer (D2C), among others.

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