Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Angel network FAAD gets Sebi nod for Rs.300-Cr AIF
Early-stage investor network FAAD has received Sebi's approval to launch an INR 300 crore alternative investment fund (AIF). FAAD will look to invest across sectors in early-stage startups focused on health-tech, agri-tech, deep-tech, and clean-tech spaces. FAAD launched its angel network in 2019 and has invested over INR 75 crore in over 60 startups across technology sectors, with a minimum cheque size of USD 50,000. Some of the portfolio companies include Blu Smart, Battery Smart, Hesa, WCube, Cleardekho, Huviair, and Beyond Snacks.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.