Hyderabad Angels launches Rs.150-Cr VC fund

Hyderabad Angels has launched its maiden venture capital fund, HAF (Hyderabad Angels Fund), as a Category-I Alternative Investment Fund (AIF) with a target corpus of INR 150 crore, including a greenshoe option of INR 50 crore. The fund will aim to deploy INR 5 crore each across 20 startups in pre-Series A or Series A stages with a commitment to follow-on investments.