HAF launches Rs 150 crore Category I AIF fund

Hyderabad Angles Fund (HAF) has launched its maiden Venture Capital Fund, a Category 1 Alternative Investment Fund (AIF), with a target of Rs 150 crore. This sector agnostic fund made its first close at Rs 50 crore.

It plans to deploy upto R 5 crore across 20 companies where technology and AI drives the scalability, emphasizing sustainable business models and robust monetization strategies, stated a company release. It will invest in startups that are positioned to scale with technology and AI in Pre-Series A/Series A with a strong commitment to follow-on investments to support future growth, it added.