Soonicorn Ventures Gains SEBI Approval for Rs 250 Crore Angel Fund
- ByStartupStory | September 5, 2023
Soonicorn Ventures (SV), a Gurugram-based investment technology platform, has secured regulatory clearance from the Securities and Exchange Board of India (SEBI) to launch an angel fund with a target corpus of Rs 250 crore and an equal green shoe option. Established in 2022 by Vijay Singh Rathore and Pravesh Goel, Soonicorn Ventures boasts a community of more than 2,000 members, comprising high-net-worth individuals, venture capital funds, family offices, and angel networks. These members are presented with the opportunity to invest in startup ventures.
Vijay Singh Rathore, Co-founder and CEO of Soonicorn Ventures, stated, “With the introduction of this Angel Fund, we aim to provide more flexibility to investors and facilitate single cap-table entries for startups.” Pravesh Kumar Goel, Co-founder of Soonicorn Ventures, emphasized the trust bestowed upon them by both investors and founders, motivating the team to dedicate more time and effort to develop a robust regulatory framework.
Soonicorn Ventures adopts a sector-agnostic approach, directing investments in the range of Rs 50 lakh to Rs 4 crore toward startups in the seed to Series A funding stages. The platform’s investment focus spans various sectors, including drone technology, B2B SaaS, electric vehicles (EV), fintech, and supply chain logistics. Some of Soonicorn Ventures’ portfolio startups include Zypp, Zingbus, Samosa Party, SupplyNote, AutoNxt, Skylark, Cusmat, and Savart
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