APAII launched with 30+ angel funds to strengthen early-stage funding for startups
More than 30 angel funds, family offices, micro VCs, and individual investors have come together to form the Association of Prolific Angels in India (APAII), seeking to strengthen domestic early-stage funding and establish a unified voice for the sector.
More than 30 angel funds, family offices, micro VCs and individual investors have joined hands to form the Association of Prolific Angels in India (APAII), aimed at strengthening domestic early-stage capital and creating a unified voice for the sector.
The national body seeks to expand India's angel investor base to 1 million and position the country as the world's largest unicorn hub over the next two decades, a statement said on Wednesday.
APAII will also act as a regulatory and operational bridge between angel investors and policymakers. The association is led by venture capitalist veteran Satish Kataria as its first Executive Director.
India currently has more than 100 angel funds and around one lakh angel investors, who deployed close to $1 billion in early-stage investments in FY25, according to APAII.
It aims to mobilise $3 billion in early-stage capital over the next five years, and scale angel participation to $30 billion annually by 2047.
The association is supported by TiE Mumbai, the statement said.
“To build 1,000 unicorns by 2047, we need not just more startups, but a far deeper, more organised base of domestic risk capital standing behind them,” Apoorva Ranjan Sharma, President of APAII, said.
He added that APAII exists to build a unified, professional and policy-engaged community of angel investors who can back Indian founders at scale.
APAII will focus on capital formation, policy advocacy, investor education, governance and due diligence, while seeking to expand the angel ecosystem beyond major cities into Tier II and Tier III locations.