Indian seed and early-stage investment firm IAN Group today said it has appointed Sarika Saxena as its Managing Partner for IAN Alpha Fund, a SEBI-registered Venture Capital fund.
Who is Sarika Saxena?
Sarika, who has over 25 years of industry experience, has held significant roles in various organizations and has a rich history in startup and early-stage investments.
She has been involved in investments worth approximately $100 million and managed assets worth around $300 million. Her investment portfolio has covered a range of sectors, including consumer, technology, fintech, edtech, etc both within the domestic and international markets, according to a release.
The firm said that Sarika's experience will help in scaling companies and mergers and acquisitions.
What does the leadership say about the new appointment?
Raman Roy, Co-Founder of IAN, said, "We are thrilled to welcome Sarika Saxena as the new Managing Partner of IAN Alpha Fund. Her exceptional insights, extensive industry expertise, and unwavering commitment to early-stage investing make her a perfect addition to the top-class team of current Managing Partners. We are confident that Sarika will not only accelerate our diversified investment strategy but also drive growth for the portfolio companies, the Fund invests in."
Sarika Saxena, Managing Partner at IAN Alpha Fund, said, "I am truly honored to be a part of IAN, an esteemed organization that has consistently led the industry as a pioneer for an impressive 16 years. I am excited to join the prestigious IAN leadership team and I look forward to utilizing my domain expertise, extensive global network, and multifaceted experience to drive the IAN Alpha Funds success, both in India and on the international stage."
What is the IAN Alpha Fund?
IAN Alpha Fund, a Rs 1,000 crore ($125 million) SEBI-registered AIF Category II VC Fund, is the second Fund in IAN’s series of funds.
It leverages the portfolios of both the IAN Angel Platform and IAN Fund I apart from investing in innovative startups solving real problems for India and the world, with sustainable business models enabling scale by leveraging technology.
IAN Group is an Indian seed and early-stage investment platform with IAN Angel Group, BioAngels and IAN Fund I, the first in the series of VC Fund enabling entrepreneurs to raise from Rs 50 lakh to Rs 50 crore from investors who provide funds, mentoring and global market access.
The platform is sector-agnostic and has funded innovative startups across 19 sectors in India and 7 other countries.