Surging domestic capital drives Indian angel networks to create their own funds

IAN Group was actually the first angel network to set up its own fund in the country. The first investment instrument was launched in 2019 and its size ₹375 crore raised by institutional and high-net-worth individuals, including Sidbi’s Fund of Funds, India Infoline, Infosys co-founder Kris Gopalakrishnan and Kanwal Rekhi. The investment network’s second fund is even larger, at $100 million, and was launched late last year.