Hyderabad Angels Launches ₹100-cr Fund to Support Start-ups
In a recent announcement, Hyderabad Angels unveiled the Hyderabad Angels Fund (HAF), aimed at bolstering growth-stage start-ups with a hefty ₹100 crore fund. The fund, led by Pradeep Dhobale, Chairman of Hyderabad Angels, seeks to not only provide financial backing but also strategic support and valuable network connections to budding entrepreneurs.
Empowering Fledgling Entrepreneurs
Pradeep Dhobale expressed the core mission behind HAF, emphasizing the importance of empowering fledgling entrepreneurs with more than just funding. Drawing from years of experience working closely with start-ups, Dhobale highlighted the challenges faced in securing capital for growth. He shared a personal insight, noting, “Over the last decade, we’ve worked closely with start-ups, witnessing firsthand the challenges in raising capital for scaling. We will identify and support the next wave of market leaders.”
Kalyan Shivalenka, Managing Partner of HAF, echoed this sentiment, stressing the critical role that well-structured capital allocation and governance play in shaping a start-up’s trajectory. “HAF will support high-potential start-ups at a critical stage of their journey, ensuring they have the financial stability and expertise needed to scale efficiently,” Shivalenka added, underscoring the fund’s commitment to nurturing start-up success beyond mere monetary investment.
Driving Innovation and Growth
Rathnakar, Chief Executive Officer and Investment Director of HAF, shed light on the fund’s strategic vision. He emphasized HAF’s objective to bridge the funding gap for start-ups as they transition from early-stage traction to scalable growth. By offering a comprehensive package of financial support, strategic guidance, mentorship, and access to a robust investor network, HAF aims to catalyze start-up growth and pave the way for sustained success.
Rathnakar also outlined HAF’s investment strategy, focusing on making strategic co-investments in high-potential start-ups at the Pre-Series A to Series B stages. This targeted approach, he explained, would position Hyderabad as a prominent start-up funding hub, fostering innovation and entrepreneurship across diverse sectors.
Building on the legacy of Hyderabad Angels (HA), a renowned angel investment network, HAF is poised to continue the legacy of backing successful start-ups. Notable beneficiaries of HA’s support include industry disruptors like Planet Spark, Session.AI, BluSmart, RedHealth, Otipy, Toch, Revos, and OTO Capital. By adopting a sector-agnostic investment approach, HAF aims to bolster disruptive and scalable businesses across a spectrum of industries, transcending traditional sector-specific limitations.
In conclusion, Hyderabad Angels’ launch of the Hyderabad Angels Fund represents a significant step towards nurturing the next generation of start-up pioneers. With a strong focus on empowering entrepreneurs, driving innovation, and fostering strategic growth, HAF is poised to make a lasting impact on the start-up ecosystem, propelling aspiring ventures towards sustainable success.
