As India’s early-stage investment landscape begins to rebound after a cautious 2024, Hyderabad Angel Fund (haf.vc) has announced a ₹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.
Extending the decade-long legacy of the Hyderabad Angels Network, one of India’s most respected angel investor communities, HAF brings together the agility of angel investing and the institutional discipline of venture capital. 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 ₹2–4 crore per company, 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 ₹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, a milestone that underscores investor confidence in the fund’s model. The ₹100 crore corpus includes a ₹50 crore green-shoe option, reflecting the strong demand from investors seeking exposure to early-stage innovation.
Rooted in Hyderabad’s entrepreneurial ecosystem but with a national scope, haf.vc leverages the expertise of experienced entrepreneurs, industry leaders, and investors from its network. Its investment philosophy is guided by six core levers: market scalability, founder track record, innovation, customer access, ecosystem strength, and long-term value creation.
“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.”
With this ₹100 crore drive, HAF seeks to contribute meaningfully to India’s early-stage resurgence by nurturing startups that demonstrate strong market potential and sustainable business models.
