IAN Fund I divests partially in home decor brand WoodenStreet

IAN Fund I, the maiden venture capital fund of Indian Angel Network, has announced a partial divestment from Jaipur-based WoodenStreet with more than 10 times return at an internal rate of return (IRR) of 105%. This follows a partial divestment from Zypp Electric, which provided 6.5 times return with an IRR of 88%. WoodenStreet manufactures customised home furniture, décor and furnishings and plans to launch lighting products.