Angel fund (Cat I) · Curated list
Indian Angel Network (IAN) / IAN Group
Seed · IT / SaaS / Enterprise Software · New Delhi
At a glance
- Stage focus
- Seed
- Primary sector
- IT / SaaS / Enterprise Software
- City
- New Delhi
- HQ / office
- New Delhi, India. Registered entity: Indian Angel Network Services Private Limited (CIN U74140DL2005PTC142860), registered office reported at E-6, The Edenpark, Shaheed Jeet Singh Marg, New Delhi 110016 (per MCA/ZaubaCorp listing — confirm; the iangroup.vc contact page does not publish a full street address — verified absent on official contact page as of this review).
- Fund registered
- 2006
- Investments on record
- 260
- Corpus (as reported)
- IAN Alpha Fund final close at $100M (≈₹900 crore), announced 10 Dec 2025 (SEBI Category-II AIF, Reg. IN/AIF2/22-23/1127). Cumulatively ~₹1,150 crore invested across 20+ years per the firm's own site (homepage shows "~₹1,150 crore invested").
- Website
- iangroup.vc
- Profile ↗
About
Indian Angel Network (rebranded "IAN Group") is one of India's oldest and largest angel/early-stage investment platforms, founded in 2006 by Padmaja Ruparel, Raman Roy and Saurabh Srivastava. It combines a large angel-investor member network (470+ investors across 11 countries) with SEBI-registered AIF vehicles (IAN Fund I — Cat I VC; IAN Capital Angel Fund — Cat I; and the IAN Alpha Fund — Cat II). It positions itself as India's largest horizontal platform for early-stage investing, having backed 260+ startups across 19+ sectors.
Investment focus
Stage: seed / early-stage (angel + Category I/II AIF funds); ticket sizes ~₹50 lakh to ₹50 crore (approx $1M–$5M per startup in the Alpha Fund). Sector: sector-agnostic / pan-sector early-stage, 19+ sectors incl. SaaS, consumer, deeptech, fintech, healthtech, EV/mobility; Alpha Fund tilts to frontier tech (AI, spacetech, semiconductors, climate, healthcare).
Cheque size
INR 50 lakh to INR 50 Cr (across IAN Angel Fund, IAN Fund I, IAN Alpha Fund)
As compiled from public sources — verify with the investor.
SEBI registration
Not a SEBI AIF / offshore — reported as “Angel network”
SIDBI Fund of Funds
Yes — IAN Alpha Fund LPs include the DPIIT Fund of Funds for Startups (FFS) managed by SIDBI, plus Self-Reliant India (SRI) Fund and Odisha Startup Growth Fund (state govt FoF). Source: IAN final-close coverage / IAN Alpha Fund site.
Notable portfolio
Druva; Spinny; Uniphore; Wow! Momo; FarEye; Unbxd; Farmart; Oliveboard
Team & organisation
IAN Group multi-fund platform: IAN Angel Fund (evergreen, Cat I), IAN Fund I (Cat I VCF), IAN Alpha Fund (Cat II AIF, ~$100M final close); India's largest angel/early-stage platform
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
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Work at Indian Angel Network (IAN) / IAN Group? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Indian Angel Network (IAN) / IAN Group invest in?
- Stage: seed / early-stage (angel + Category I/II AIF funds); ticket sizes ~₹50 lakh to ₹50 crore (approx $1M–$5M per startup in the Alpha Fund). Sector: sector-agnostic / pan-sector early-stage, 19+ sectors incl. SaaS, consumer, deeptech, fintech, healthtech, EV/mobility; Alpha Fund tilts to frontier tech (AI, spacetech, semiconductors, climate, healthcare).
- What cheque size does Indian Angel Network (IAN) / IAN Group write?
- As compiled from public sources: INR 50 lakh to INR 50 Cr (across IAN Angel Fund, IAN Fund I, IAN Alpha Fund)
- How do I pitch Indian Angel Network (IAN) / IAN Group through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Rebrand: legacy domain indianangelnetwork.com 301-redirects to iangroup.vc (verified) — same firm now branded "IAN Group". Private firm. IMPORTANT — government LP linkage (not ownership): the IAN Alpha Fund's LP base includes government investors (DPIIT Fund of Funds for Startups managed by SIDBI, Self Reliant India Fund, ACE Fund, Odisha Startup Growth Fund, Agri Sure FoF via NABVENTURES, and NABARD) plus institutions (HDFC Life, DS Group Family Office, Buimerc Corp Dubai). These are limited partners investing INTO the fund under standard AIF structure — they do NOT make the firm or its manager government/DFI-owned; the firm remains a private entity. Full street HQ address not published on official site; address shown is from third-party MCA/ZaubaCorp data and should be confirmed. The pattern email [contact on file] appears only on third-party sources, not the official contact page — not used.
Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://iangroup.vc; https://alpha.indianangelnetwork.com/