Hyderabad Angels has launched the Hyderabad Angels Fund (HAF) with a target of ₹100 crore focusing on growth-stage start-ups. The fund has an option to raise ₹50 crore more.
“HAF would like to address the crucial funding gap for start-ups as they scale beyond early-stage traction. By offering not just financial backing but also strategic guidance, mentorship, and a strong investor network, HAF aims to accelerate start-up growth and drive long-term success,” Hyderabad Angels Fund (HAF), Rathnakar, Chief Executive Officer and Investment Director, has said.
“It will make strategic co-investments for high-potential start-ups in the Pre-Series A to Series B stages. This will help Hyderabad solidify its position as a leading start-up funding hub,” he said.
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“HAF builds on the legacy of Hyderabad Angels (HA), a leading angel investment network, which backed several high-growth start-ups, including Planet Spark, Session.AI, BluSmart, RedHealth, Otipy, Toch, Revos, and OTO Capital,” he said.
“Unlike sector-specific funds, HAF follows a sector-agnostic investment approach, allowing it to support disruptive and scalable businesses across various industries,” he said.
Fledgeling entrepreneurs
Pradeep Dhobale, Chairman Hyderabad Angels, said HAF was designed to empower fledgeling entrepreneurs with not just funding but also the right strategic support and network connections.
“Over the last Decade, We’ve worked closely with start-ups, witnessing firsthand the challenges in raising capital for scaling. We will identify and support the next wave of market leader,” he said.
Kalyan Shivalenka, Managing Partner of HAF said that well-structured capital allocation and governance can define the trajectory of a start-up. “HAF will support high-potential start-ups at a critical stage of their journey, ensuring they have the financial stability and expertise needed to scale efficiently,” he said.
