IAN Fund Exceeds Its Capital Target; Announces Final Closure

IAN Fund, a sector-agnostic investment platform, has successfully closed its capital fundraise at Rs 375 crore. This exceeded its ambitious initial target by a remarkable Rs 25 crore on the back of strong interest from investors across the country and overseas who were excited by IAN’s performance and long term vision of creating the largest and most innovative platform for seed and early-stage investing.  

Since its launch in April 2017, IAN Fund has been facilitating growth and scale for innovative, high-potential start-ups through seed and early-stage investments. IAN Fund portfolio currently comprises over 34 companies across domains such as AI/ML, AR/VR, biotech, cleantech, fintech, agritech and health tech, among others. The Fund most recently exited from TagBox, a Bengaluru-based logistics start-up, delivering a 3 folds returns to its investors in just 18 months.  

Speaking at the closure of the fund, Padmaja Ruparel, founding Partner of the IAN Fund said “We are pleased to announce the closure of our fund at Rs 375 crore. The fact that we have achieved and exceeded our capital target underlines our impressive growth trajectory and highlights the faith that investors have in our vision. I would like to congratulate the entire team at IAN Fund for their significant contribution to our latest milestone. Moving ahead, we aim to scale newer heights and play a bigger role in transforming and nurturing India’s entrepreneurial landscape.”

Saurabh Srivastava, Founder of the IAN Fund, said, “The Indian startup ecosystem has evolved rapidly and is now home to some of the most exciting and innovative ventures in the world, competing with the world’s best in building solutions for the top 1 bill people. But what is even more exciting and heartwarming is how they are leveraging the latest tech developments and insights, coupled with innovative business models, to create solutions for the massive challenges that India faces in areas such as health care, education, cleantech, agriculture, etc. In doing so, they are not only addressing unmet needs but are exploiting a massive business opportunity on an unprecedented scale and making India the Silicon Valley for the next 6 bill people around the world. I am delighted that with the successful closure of the IAN Fund, the IAN platform is well on its way to achieving its vision of being the largest and most innovative platform for seed/early-stage investments.

Sunil Kant Munjal, Advisory Board Member, IAN Fund, said, “The Indian start-up ecosystem is entering an exciting phase of its evolution. After the initial exponential growth and subsequent consolidation, we are witnessing a shift towards value creation and differentiation through unique business models. There is a need for more quality platforms like IAN Fund committed to helping new-age Indian entrepreneurs achieve their vision and drive innovation across the country.”

IAN Fund aims to build and exploit synergies with other VC Funds, family houses, corporates, prominent individual investors as well as the VC community while also promoting collaboration between enterprises and prominent VCs. Moving forward, the platform aims to build on its mission by raising Investment capital in excess of 5,000 crore by 10 years.