Finvolve closes 2 maiden funds with Rs.100-Cr corpus

Mumbai-based Finvolve , a venture of India Accelerator and Finolutions, has closed its two maiden Category 1 Alternative Investment Funds (AIFs) with a total corpus of INR 100 crore.The angel investment firm takes a unique approach and curates a deal flow of startups to wealth managers only.Finvolve aims to invest a minimum of INR 25 lakh in 25-35 sector-agnostic startups. Finvolve works with about 100 wealth managers across the country. The firm was incorporated in July 2022, and started operations in December 2022 with about 11 syndicated deals.