Venture Intelligence (TSJ Media Pvt. Ltd.)
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ah! Ventures sets up Rs.100-Cr angel fund
Mumbai-based ah! Ventures has launched an alternative investment fund (AIF) with a USD 14 million (INR 100 crore) corpus. The fund also has a green shoe option of INR 50 crore. It is anticipated to close in the next two months. The sector-agnostic fund will back early-stage startups focused on domestic and international markets. It will primarily focus on segments such as healthcare, fintech, education, B2B SaaS, enterprise tech, and D2C. The fund will write cheques between INR 3 crore and INR 5 crore each for 30-35 startups in the next three years. ah! Ventures' existing portfolio includes Testbook, Inc42, NewsBytes, Bolo Live, Ketto, Expertrons, and Text Mercato. Of this, it has exited 14 startups and made follow-on investments in 28 startups.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.