Hyderabad Angel Fund launches Rs 100 crore fund to support high-potential startups in India

Hyderabad Angel Fund (haf.vc) has announced a Rs 100 crore venture capital initiative to back high-potential startups across the country.

The SEBI-registered Category I Venture Capital Fund aims to empower promising founders with both capital and mentorship while strengthening India’s regional venture capital ecosystem.

The fund plans to invest in 15-20 startups across emerging and high-growth sectors such as Generative AI, Gaming, SpaceTech, Drones, HealthTech, Consumer Tech, FinTech, Enterprise SaaS, and Sustainability.

Typical investments will range from Rs 2-4 crore per startup, with reserves for follow-on rounds to support scaling ventures. Haf.vc has already identified 3 potential startups with termsheet and completed investment in one

“India’s early-stage ecosystem is showing renewed confidence, and regional funds are playing a pivotal role in that momentum,” said Mr Kalyan Sivalenka, Managing Director at Hyderabad Angel Fund (haf.vc). “With this Rs 100 crore fund, we want to identify credible founders across India and help them build companies that are both innovative and sustainable.”

HAF has already secured 62% commitments toward its target corpus and is in advanced discussions to raise its first institutional cheque. The Rs 100 crore corpus includes a Rs 50 crore green-shoe option.

“India’s startup landscape is evolving beyond the metros, and funds like haf.vc are instrumental in enabling that shift,” added Rathnakar Samavedam, Investment Director and Compliance Officer. “By combining mentorship, collaboration, and institutional capital, we aim to build a stronger, more inclusive investment ecosystem.”