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Indian Angel Network Launches Rs 1,000 crore Venture Capital Fund

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Indian Angel Network (IAN), A platform for seed and early-age investing on October 20 said it launched the IAN Alpha Fund, a SEBI-registered (Securities and Exchange Board of India) category two venture capital fund of Rs 1,000 crore. IAN said that the new fund is the second in the series of its funds.

Founded in 2006 by Padmaja Ruparel, Raman Roy, and Saurabh Srivastava, IAN helps in the investment of private wealth into seeding and growing startups in the country. The network said its portfolio contains high-valued startups including unicorns, soonicorns, and over 200 other companies.

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