New fund · Financial Services
Yatra Angel Network gets SEBI nod for ₹90 crore fund
By Startup Enthusiast ·
- Date
- Company
- Yatra Angel Network Angel Fund
- What it does
- Early-stage fintech investment fund
- Kind
- New fund
- Amount
- ₹90 Cr
- Sector
- Financial Services
What they do
Yatra Angel Network (YAN) is an angel network that invests in early-stage fintech startups
What happened
It received SEBI approval to launch a ₹90 crore fund focused on pre-seed to pre-Series A fintech startups
Why it matters
The fund plans to back 8-10 fintech startups each year and has limited partners including Madhusudanan R and Naveen Kukreja
The details
- Yatra Angel Network (YAN) Angel Fund has received SEBI approval to launch its maiden fund.
- The fund size is ₹90 crore.
- It is registered as a SEBI-registered CAT I Alternative Investment Fund (a type of pooled investment vehicle regulated by SEBI).
- The fund will focus on early-stage fintech startups at pre-seed, seed, and pre-Series A stages.
- It plans to invest in 8-10 fintech startups per year.
- Limited partners (investors in the fund) include Madhusudanan R, Naveen Kukreja, Subramanya S V, Omkar Shirhatti, and Prachi Dharani.
The bigger picture
- YAN had previously invested in fintech startups like M2P Fintech, OneCard, Tartan, and others through its Fintech Yatra initiative.
- Around a dozen venture capital and debt firms have announced new funds in the past couple of months, including Chiratae Ventures and Fundamentum.
- Over 90 VC, PE, and debt funds had announced new fund launches as of July 2022.
About the business
- YAN Angel Fund is a SEBI-registered CAT I Alternative Investment Fund that invests in early-stage fintech startups.
- It plans to invest in 8-10 fintech startups per year at pre-seed, seed, and pre-Series A stages.
The deal
- Type
- fund launch
Investors
- Madhusudanan R (limited partner)
- Naveen Kukreja (limited partner)
- Subramanya S V (limited partner)
- Omkar Shirhatti (limited partner)
- Prachi Dharani (limited partner)