Soonicorn Ventures gets Sebi nod for Rs.250-Cr angel fund

Online startup investment network Soonicorn Ventures (SV) has received regulatory approval from the market regulator Securities and Exchange Board of India (Sebi) to launch an INR 250 crore angel fund under Category-I Alternate Investment Fund (AIF), Another INR 250 crore will be available as a green-shoe option. The fund will invest INR 50 lakh to INR 4 crore in seed to Series A startups across sectors.