Global Angel Network Firm Agility Ventures launches INR 450 crore Angel Fund
- ByTejika Bajaj | January 10, 2022
Global angel network firm Agility Ventures has recently received a nod from SEBI (Securities Exchange Board of India) to launch an angel fund with a capital of INR 450 crore ($60 million).
Expressing his views on the recent development, the co-founder at Agility, Dhianu Das said, “SEBI’s approval to launch the fund is just the kind of start we were looking for in this new year. After launching Fluid Ventures (a D2C-focused SEBI-registered category-1 VC fund) last year, this is exactly the kind of fuel needed to roll out our plans for 2022. After having invested in five companies through Fluid Ventures, we are not only ambitious about deploying Rs 75 crore this year through Agility Ventures angel fund and investing it in over 50 startups, but also very focused on achieving it.”
The angel network intends to utilize the corpus in the next three to four years. As for 2022, the firm has targeted increasing their network to incorporate 4000 investors, which currently consists of 1500+ angel investors. Furthermore, the global network also intends to deploy INR 75 crore this year to invest in over 50 startups, including finetch, cybersecurity and crypto startups among others.
Founded by Prashant Narang and Dhianu Das, Agility Ventures is a global network which is spread across 25 chapters around India, Canada, UAE, Australia and the UK. It is profoundly known to invest in early stage startups specializing in the field of education, technology, e-commerce, automobiles, agritech, and healthcare among others.
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