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iAngels, a leading angel investment network in India, has launched a new fund of Rs 100 crore to fuel the growth of southern Indian startups. The fund, called iAngels South India Fund, will focus on early-stage startups in the technology, healthcare, and consumer sectors.
iAngels has been operating in India since 2006 and has invested in over 100 startups, including some of the leading unicorns in the country. The new fund will be managed by iAngels’ team of experienced investors, who have a deep understanding of the southern Indian startup ecosystem.
“We are excited to launch this new fund to support the growth of southern Indian startups,” said Karthik Reddy, co-founder and managing partner of iAngels. “The southern region has a vibrant startup ecosystem with a strong pipeline of early-stage companies. We are confident that this fund will help to accelerate the growth of these startups and create value for our investors.”
The iAngels South India Fund will invest in startups that have a strong team, a clear vision, and the potential to scale. The fund will provide startups with capital, mentorship, and access to iAngels’ network of investors and partners.
“We are looking for startups that are solving real problems with innovative solutions,” said Reddy. “We are also looking for startups that have the potential to scale and have a positive impact on the southern Indian economy.”
The iAngels South India Fund is open for investment from both individual and institutional investors. The fund will be investing in startups across the southern Indian states, including Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, and Puducherry.
“We believe that the southern Indian startup ecosystem is poised for growth,” said Reddy. “We are excited to be a part of this growth and to help to support the next generation of southern Indian unicorns.”
