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The second fund of Indian venture capital Indian Angel Network completed US$42 million in financing and will focus on Web3, Metaverse, etc.

According to DealStreetAsia, Indian Angel Network, an Indian venture capital firm, announced that its second fund, "IAN Alpha Fund," has raised an initial funding of $42 million, with participation from SIDBI (Small Industries Development Bank of India), SRI Fund, and IAN Fund I.The fund will focus on investing in areas such as financial technology, deep tech, Web3, metaverse, and Industry 4.0.

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