Ah! Ventures establish a Rs 150 crore angel fund to invest in early-stage and Pre-Series A startups

• ByStartupStory     |    June 29, 2022

Ah! Ventures investment platform In order to invest in early-stage and Pre-Series A firms, Ventures announced the formation of its first angel fund with a capital of Rs 100 crore and a greenshoe option of Rs 50 crore.

According to a statement, the new sector-neutral fund’s primary focus areas will include healthcare, fintech, education, B2B SaaS (business-to-business Software-as-a-Service), enterprise technology, and D2C (Direct-to-Consumer), among others. It will aim to invest Rs 3-5 crore in each of 30 to 35 pre-Series A startups.

The fund’s first fundraising is anticipated to conclude in the following 60 days, and by the third year, its aim is probably fully funded. Founded in Mumbai in 2010, ah! Harshad Lahoti, an engineering student from Pune who started his career at Larsen & Toubro in 2002, is the creator of Ventures.

“Thousands of aspiring companies still have not reached their full potential, especially if they receive the necessary assistance and fair treatment in the beginning. Our Angel Fund seeks to effectively advance the following outstanding ideas and assist them in making the jump “ah! Ventures Fund partner Amit Kumar remarked.

ah! Ventures have so far made 28 follow-on round investments totalling Rs 250 crore in entrepreneurs across more than 25 different industries. Inc42, NewsBytes, Bolo Live, Ketto, Testbook, and Expertons are just a few of the companies in its portfolio.

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