Early-stage investment platform, IAN Group has closed its second venture capital vehicle, the IAN Alpha Fund, which has a $100 million corpus.

Key Highlights

• IAN Group announces the final close of its $100 million Alpha Fund.
• Fund will focus on backing early-stage startups across high-growth sectors in India.

The fund's goal is to support early-stage, technology-enabled firms that address key industry and societal concerns. Its investing focus includes artificial intelligence, space technology, semiconductors, climate, healthcare, and other frontier domains.

The Alpha Fund received support from a variety of institutional and government-linked investors, including the Self-Reliant India Fund, the SIDBI Fund of Funds for Startups, the ACE Fund, and the Odisha Startup Growth Fund, as well as insurance and family office investors.

According to IAN, some of its initial portfolio companies (10 to 12) are led by first-generation founders from tier II and tier III locations.

Also Read: Nexus Closes $700M Fund to Back AI, Fintech Startups

IAN enables entrepreneurs to raise funds ranging from Rs 50 lakhs to Rs 50 crore on a single platform, while also providing mentoring and global market access. The Group's investment thesis has been to invest in companies in emerging areas headed by extraordinary founders who are solving genuine problems or building for India's strategic imperatives, all while providing exceptional returns to investors. Over the last 19 years, it claims to have continuously repaid capital at high double-digit multiples.

The fund aligns with IAN's broader objective of encouraging startup growth across geographies and sectors, with the stated goal of providing entrepreneurs in smaller areas with the same possibilities as those in major urban centers.

In August of this year, IAN Group hired Chintan Thakkar as Group CEO.