The fund is among the few funds approved by the Sebi after it issued the revised guidelines last year. As per the guidelines, the minimum contribution from each investor in such angel funds needs to be Rs 25 lakh.
“Angel funds can open up different segments of investors for startups. Investors may not necessarily be ultra high net worth individuals but young professionals who are keen on investing in startups,” said Anil Gudibande, co-founder, 1Crowd.
