NRL iDEATION Angel Fund

Stage focus

Seed

Primary sector

Climate & Clean energy

HQ / office

Numaligarh / Guwahati, Assam (NEDFi House, G.S. Road, Dispur, Guwahati per registry; program run from NRL campus, Numaligarh)

Fund registered

2023

Investments on record

50

Corpus (as reported)

NRL iDEATION flagship startup initiative has a Rs. 10 crore corpus; ~Rs. 12 crore in grants disbursed and equity investments made via the SEBI-registered Angel Fund (per public reports, 2022–2024)

Website

www.ideation.nrl.co.in

LinkedIn

Profile ↗

NRL iDEATION Angel Fund is a SEBI Category I (Angel) AIF launched in Nov 2022 under Numaligarh Refinery Limited's 'NRL iDEATION' startup initiative; the fund is managed by NEDFi (NEDFi Venture Capital Ltd / NEDFi) to provide equity to early-stage North-East-India startups. NRL is a Miniratna Category-I CPSE.

Early/seed-stage equity into startups from the North East Region of India (Startup India-aligned innovation, clean energy and broad early-stage ventures).

SEBI AIF Category I — reported as “Cat I”

• IN/AIF1/23-24/1273

Yes — Sponsor/settlor is Numaligarh Refinery Ltd (NRL), a Government of India CPSE under Ministry of Petroleum & Natural Gas (Oil India/AOC promoted); the Angel Fund corpus is NRL (govt PSU) capital deployed into NE-region startups. Govt PSU as sole anchor/sponsor. (ideation.nrl.co.in / khabarindia.in)

Picasoid Health Technology; Vigitrics Pvt. Ltd.; Binbag; HIPnHOP (DNR Foods); O2 Himalaya; Axom Farm Machinery; Deroi Innovations

SEBI Category I AIF (Angel Fund), trust structure, corpus ~Rs 30 Cr; sponsored by NRL (Govt CPSE) and managed by NEDFi Venture Capital Ltd (NVCL) as appointed Fund Manager

What does NRL iDEATION Angel Fund invest in?

Early/seed-stage equity into startups from the North East Region of India (Startup India-aligned innovation, clean energy and broad early-stage ventures).

How do I pitch NRL iDEATION Angel Fund 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.

VC fund (Cat II)

021 Capital Trust

Seed · IT / SaaS / Enterprise Software · Bengaluru

USD ~1 Mn (below USD 1 Mn per cheque; up to USD 2 Mn reported for earlier fund); INR ~8-16 CrContact on file

VC fund (Cat II)

247VC Investment Trust

Seed · Deep Tech (AI/ML/Robotics) · Mumbai

INR 4-5 Cr at seed, with follow-on appetiteContact on file

VC fund (Cat I)

3ONE4CAPITAL TRUST

Seed · IT / SaaS / Enterprise Software · Bengaluru

Early-stage (seed to Series A); per-cheque range not disclosed on siteContact on file

VC fund (Cat I)

888vc Accelerator Fund

Seed · Deep Tech (AI/ML/Robotics) · Bengaluru

INR 2-4 Cr average; first cheques up to USD 500K (Seed to Pre-Series A)Contact on file

VC / investor (non-AIF or offshore)

8X Ventures

Seed · Deep Tech (AI/ML/Robotics) · Noida

Initial cheques INR 2-5 Cr each; up to ~INR 20 Cr total per startup including follow-ons (Fund II)Contact on file

VC fund (Cat II)

Aabhuti Investment Fund Trust

Multi-stage · Climate & Clean energy · Chennai

Up to ~USD 500K initial cheque (early stage: Angel/Pre-Seed/Seed/Pre-Series A); Aabhuti is the climate/sustainability fundContact on file

All Seed investors →

• ⚑ Government/PSU-promoted angel fund (sponsored by Numaligarh Refinery Ltd, a PSU; investment management linked to NEDFi)

Compiled from SEBI registrations and 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://www.ideation.nrl.co.in/; https://www.khabarindia.in/numaligarh-refinery-join-hands-nvcl-support-northeast-startups/