IANS | 12 Feb, 2024
Hyderabad Angels (HAF) on Monday launched its maiden venture capital
fund, featuring an investable corpus of Rs 100 crore and an additional
green-shoe option of Rs 50 crore.
The Category 1 Alternative
Investment Fund (AIF) aims to deploy up to Rs 5 crore across 20
disruptive startups that are positioned to scale with technology and AI,
the company said in a statement.
“We are building HAF as a
dynamic, collaboration-driven platform where founders not only secure
financial backing but also tap into the collective wisdom of
accomplished limited partners (LPs) who themselves are successful
entrepreneurs,” said Sri Myneni and Kishore Ganji, Managing Partners of
HAF.
The fund has successful entrepreneurs and business leaders in
pharma, health sciences, tech, education, sustainability and other
sectors.
“As an active investor in numerous venture funds and
startups, I believe that fostering an active engagement platform between
limited partners (LPs)/ investors and entrepreneurs is pivotal for
creating successful businesses,” said BVR Mohan Reddy, Founder and
Executive Chairman of Cyient.
Mahankali Srinivas Rao (MSR), CEO of
T-Hub, said HAF is ready to harness the potential inherent in the
synergy of funds, direct engagement with industry leaders, and the
vibrant startup ecosystem in Hyderabad.
