It plans to deploy upto R 5 crore across 20 companies where technology and AI drives the scalability, emphasizing sustainable business models and robust monetization strategies, stated a company release. It will invest in startups that are positioned to scale with technology and AI in Pre-Series A/Series A with a strong commitment to follow-on investments to support future growth, it added.
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The fund’s investors consist of serial entrepreneurs and business leaders from various sectors such as Pharma, Health Sciences, Tech, Sustainability, while management partners are the largest investors in the fund.
“As serial entrepreneurs and angel investors, we are staunch believers in the transformative force of innovation,” said Sri Myneni, Managing Partner of HAF.
“We are building HAF as a collaboration-driven platform where founders not only secure financial backing but also tap into the collective wisdom of accomplished Limited Partners (LPs) who themselves are successful entrepreneurs,” said Kishore Ganji, Managing Partner -HAF.
Building upon Hyderabad Angels’ decade-long investment acumen, the fund strategically taps into the mentorship of Hyderabad’s serial entrepreneurs and investors across diverse sectors, statement said.