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TechFlow reported, according to dealstreetasia, Indian venture capital firm Indian Angel Network has announced the first close of its second fund, "IAN Alpha Fund," raising $42 million. Investors include SIDBI (Small Industries Development Bank of India), SRI Fund, and IAN Fund I.
The fund will focus on investments in fintech, deep tech, Web3, metaverse, and Industry 4.0 sectors.
Indian Angel Network (IAN) has announced the first close of its second fund, "IAN Alpha Fund," raising $42 million. The round saw participation from SIDBI (Small Industries Development Bank of India), SRI Fund, and IAN Fund I. The fund will focus on investments in fintech, deep tech, Web3, metaverse, and Industry 4.0 sectors.
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