Brands
YSTV
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Yourstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

Videos

ys-analytics
ADVERTISEMENT
Advertise with us

Angel network FAAD receives SEBI nod to launch Rs 300-Cr alternative investment fund

The network aims to invest in early-stage pre-seed to Series A technology companies, with a focus on the healthtech, agritech, deeptech, and cleantech spaces.

Angel network FAAD receives SEBI nod to launch Rs 300-Cr alternative investment fund

Monday December 12, 2022 , 2 min Read

Early-stage investor network Faad has received SEBI approval for a Category 1 Rs 300-crore alternative investment fund (AIF). 


The network aims to invest across sectors, in early-stage pre-seed to Series A technology companies. FAAD is keen to focus on the healthtech, agritech, deeptech, and cleantech spaces.


Angel network FAAD, which was launched in 2019, has invested over Rs 75 crore in more than 60 startups across the technology sector, with a minimum cheque size of $50,000 to $1 million. Its portfolio companies include BluSmart, Battery Smart, Hesa, WCube, ClearDekho, Huviair, and Beyond Snacks.

ALSO READ
Why investment firm Faad Network believes there is a need for more early-stage funding in India

FAAD was co-founded by Karan Verma (Director) and Dr Dinesh Singh (Director). Aditya Arora joined FAAD in 2018 as its CEO.  


Karan said, “We are gearing to launch the AIF and see it as a strong force that will fuel young startups with combined energies, support and capital from our growing network of investors.”


Dinesh said, “The reason why early-stage ideas continue to receive capital and network support is that over time the quality of innovation and the business acumen of new entrepreneurs has evolved which instills a lot of confidence among angels, HNIs and VCs to not shy away from early bets.”


FAAD recently obtained SEBI (Securities and Exchange Board of India) licence to launch the AIF. The network was advised on the AIF set-up by Rajat Nandwani and Sidharth Dugar, representing Accountables; Manick  Wadhwa, Director, SKI Capital; and Akshit Goyal, Partner, JKGA Law.


The network brings a screening mechanism for investors looking at making early bets in technology companies, offers an investor syndicate on deals to share risks, improves portfolio diversification, and provides access to deals. Its community of investors comprises over 1,600 angels, high net worth individuals, and venture capitalists across India, Singapore, Dubai, the US, the UK and Canada.


Some of the notable co-investors in FAAD’s portfolio companies are Tiger Global, Blume Ventures, 9Unicorns, Chiratae Ventures, Orios Venture Partners, and Pentathlon Ventures.


Edited by Swetha Kannan