Hyderabad Angel Fund launches Rs 100 Cr fund to back early-stage startups
The fund will look to invest in 15-20 startups across sectors, including generative AI, gaming, space tech, drones, and healthtech, among others.
Hyderabad Angel Fund (Haf.vc) has launched a Rs 100-crore fund to back early-stage startups in emerging sectors, including generative AI, gaming, space tech, drones, healthtech, consumer tech, and sustainability, among others.
The corpus includes a Rs 50-crore green-shoe option as well.
Haf.vc has already received 62% of the commitments towards its target corpus and is in advanced discussions to raise its first institutional cheque.
The new fund will look to invest in 15–20 startups with an average cheque size ranging from Rs 2 crore to Rs 4 crore per company. The fund will reserve funds for follow-on rounds to support scaling ventures.
The Hyderabad-based firm has already identified three potential startups, has sent across term sheets, and completed investment in one, it said.
“India’s early-stage ecosystem is showing renewed confidence, and regional funds are playing a pivotal role in that momentum,” said Kalyan Sivalenka, Managing Director at Hyderabad Angel Fund. “With this Rs 100-crore fund, we want to identify credible founders across India and help them build companies that are both innovative and sustainable.”
Haf.vc is an angel investor community that combines both angel investing and venture capital. It has over 100 investors on its platform, with 75 investments and 15 successful exits over the past 14 years.
“India’s startup landscape is evolving beyond the metros, and funds like haf.vc are instrumental in enabling that shift,” added Rathnakar Samavedam, Investment Director and Compliance Officer at the investment firm. “By combining mentorship, collaboration, and institutional capital, we aim to build a stronger, more inclusive investment ecosystem.”
Edited by Kanishk Singh