Angel network Agility Ventures launches Rs.450-Cr fund

Angel investor network Agility Ventures has received approvals from Sebi for setting up an "AIF" structured angel fund with a total corpus of INR 450 crore (USD 60 million). The Agility Ventures network, which is known to invest in startups or early-stage businesses in industries such as education, technology, healthcare, ecommerce, automobiles, electric vehicles, robotics, agritech and manufacturing among others, is looking to deploy the entire corpus in the next 3-4 years. For 2022, the company has set a target of increasing its network, which currently stands at 1,500+ angel investors, to 4,000. With the AIF, it is looking at deploying INR 75 crore this year in over 50 startups, which will also include fintech, cybersecurity, and crypto.