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Investment platform ah! Ventures has announced the launch of its maiden angel fund to empower startups with Glocal ambitions.
The Sebi-registered Category I AIF-VCF-Angel Fund, with a target corpus of Rs 100 crore (about $14 million) and a greenshoe option of up to Rs 50 crore ($6 million), will focus on early-stage, Pre-Series A startups across India.
The Sebi-registered Category I AIF-VCF-Angel Fund, with a target corpus of Rs 100 crore (about $14 million) and a greenshoe option of up to Rs 50 crore ($6 million), will focus on early-stage, Pre-Series A startups across India.
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.
The new fund will be sector-agnostic and aims to invest an average of Rs 3-5 crore
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