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.