FAAD’s New ₹300 Cr AIF Fund Gets SEBI Nod

Angel Network Faad has secured SEBI nod for a Category 1 Rs 300-crore alternative investment fund (AIF). The platform for startups and investors for seamless investments has been set up with an aim to invest across sectors, in early-stage pre-seed to Series A technology companies.

FAAD areas of interest span across healthtech, agritech, deeptech, and cleantech spaces. Launched in 2019, the angel network has invested over Rs 75 crore in over 60 startups cutting across the technology sector, with a lowest cheque size of $50,000 to $1 million. Its portfolio companies include BluSmart, Battery Smart, Hesa,WCube, ClearDekho, Huviair, and Beyond Snacks.

FAAD was co-founded by Karan Verma (Director) and Dr Dinesh Singh (Director). Aditya Arora joined FAAD in 2018 as its CEO.

“We are gearing to launch the AIF and see it as a strong force that will fuel young startups with combined energies, support and capital from our growing network of investors.” Dinesh said, “The reason why early-stage ideas continue to receive capital and network support is that over time the quality of innovation and the business acumen of new entrepreneurs has evolved which instills a lot of confidence among angels, HNIs and VCs to not shy away from early bets.” Karan said.

FAAD Angel Network of Investors Include 1600 Angels

Who is FAAD?

FAAD is a network of angels, a platform which enables startups and investors to connect and invest

  • Stages – Seed to Pre Series A
  • Minimum Cheque size – USD 7k per investor Network of 600+ investors (Angels/HNI’S/VC’S)
  • Ticket size – USD 50k to USD 500k
  • Investor Presence – India, Singapore, Dubai, USA, UK & Canada

FAAD recently received SEBI (Securities and Exchange Board of India) licence to launch the AIF. The network was advised on the AIF set-up by Rajat Nandwani and Sidharth Dugar, representing Accountables; Manick Wadhwa, Director, SKI Capital; and Akshit Goyal, Partner, JKGA Law.

The network has introduced a screening mechanism for investors looking at making early bets in technology companies, offers an investor syndicate on deals to share risks, improves portfolio diversification, and provides access to deals.

The FAAD network of investors include over 1,600 angels, high net worth individuals, and venture capitalists across India, Singapore, Dubai, the US, the UK and Canada.

Few of the noteworthy co-investors in FAAD’s portfolio companies are Tiger Global, Blume Ventures, 9Unicorns, Chiratae Ventures, Orios Venture Partners, and Pentathlon Ventures.

Faad Network invests up to 50K USD to 1 MN USD. in early stage startups across sectors and geographies. Faad Network, which pools the resources and knowledge of their members, can overcome many limitations associated with solo investing and investing in risky environments, such as emerging markets.

Faad accelerator lab a vertical of faad network plan to launch a series of cohorts focused on the sunrise sector of the indian Startup Ecosystem. The idea is to pickup early stage startups,mentor them through a 12-weak scale-up curriculum and prepare them for real-world action.

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