Angel Funds

It will invest in 25 start-ups focused on digitalisation, sustainability, financial inclusion

According to a UP government spokesperson, incubators in fintech, education, health, agriculture, textile, and IT/IT-enabled services have been set up

While the first close is expected within the next 60 days, the team's target is to be fully invested by the third year with potential winners

Bharatpe exit emerges as a multibagger with 80x returns

The firm handles two debt funds and an angel fund, and has assets under management of about Rs 1,500 crore

The meeting comes against the backdrop of various startups raising concerns on notices sent to them under Section 56(2) (viib) of I-T Act to pay taxes on angel funds

However, angel funds can work for passive investors

May tighten compensation pacts between PE players and management of listed firms, after board meeting today