• HAF launches Rs 100 crore fund for early-stage startups
• To invest in 15-20 companies across emerging tech sectors
• Fund secures 62% commitments, eyes institutional investors

Hyderabad Angel Fund (haf.vc) has introduced a Rs 100 crore venture capital fund to back high-potential startups across India. The SEBI-registered Category I VC fund aims to support strong founders not only with capital but also with hands-on mentorship, while expanding the regional VC ecosystem.

The fund plans to invest in 15-20 early-stage startups operating in fast-growing sectors such as Generative AI, Gaming, SpaceTech, Drones, HealthTech, Consumer Tech, FinTech, Enterprise SaaS, and Sustainability. Each startup will receive between Rs 2 crore and Rs 4 crore, with additional reserves set aside for follow-on investments. The fund has already identified three promising startups, extended a termsheet to one, and completed its first investment.

Kalyan Sivalenka, Managing Director at Hyderabad Angel Fund, said, “India’s early-stage ecosystem is gaining fresh momentum, and regional funds are becoming an important part of that growth”. He added, “With this Rs 100 crore fund, our goal is to back credible founders across the country and help them build innovative and scalable companies”.

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HAF has already secured 62% of its target corpus and is in advanced talks to bring in its first institutional investor. The total fund size includes a green-shoe option of Rs 50 crore, giving it additional flexibility as it scales commitments.

Rathnakar Samavedam, Investment Director and Compliance Officer, said, “India’s startup growth is no longer limited to metro cities, and funds like haf.vc are driving this shift”. He added that the fund aims to build a more inclusive investment network by combining mentorship, collaboration, and institutional capital.