Soonicorn Ventures gets Sebi nod to launch Rs 250 crore angel fund

Investment firm Soonicorn Ventures on Tuesday said it has received Sebi’s approval to introduce an alternate investment fund with a corpus of Rs 250 crore.

The newly approved angel fund will have an additional Rs 250 crore available as a green-shoe option, bringing the total fund capacity to Rs 500 crore, the firm said in a statement.

“Soonicorn Ventures (SV), the Gurugram-based investment technology platform, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to introduce an Angel Fund, operating as a Category-I Alternate Investment Fund (AIF),” it added.