Loading organizations...
Key people at Indian Angel Network.
Indian Angel Network (IAN) is India's largest platform for seed and early-stage investments, based in New Delhi. It connects over 450 angel investors from 11 countries with promising startups, having supported more than 200 portfolio companies across 17 sectors globally. IAN facilitates investments ranging from ₹50 lakhs to ₹50 crores through its IAN Angel Fund, BioAngels, and the US$55 million SEBI-registered IAN Fund 1. Portfolio examples include PregBuddy and SuperProfs, while key individuals like Mohit Goyal and Ajai Chowdhry are associated with its leadership. The network maintains an average IRR of 32% and aims to invest in 500 startups with Rs. 5000 crores by 2030. Indian Angel Network was established in 2006 by co-founders Saurabh Srivastava, Padmaja Ruparel, and Raman Roy.
Indian Angel Network (IAN), now operating as IAN Group, is India's largest platform for early-stage investments, comprising funds like IAN Angel Fund, BioAngels, IAN Fund 1, and IAN Alpha Fund, enabling raises from ₹50 lakhs to ₹50 crores.[5][7] Its mission is to invest in and breed innovative startups solving real-world problems through technology, targeting large markets with execution-focused founders, while providing mentoring, networks, and strategic support beyond capital.[1][5][6] The investment philosophy emphasizes risk-mitigated high returns via its mentor pool and global networks, focusing on sectors like healthcare, AI/ML, biotech, deeptech, fintech, SaaS, spacetech, robotics, and more, with ~₹1050 Cr invested in 250+ companies, catalyzing ₹20,000 Cr in follow-on funding.[2][4][5][7] IAN has significantly impacted India's startup ecosystem by backing high-potential ventures, achieving multiple exits, and building a portfolio valued over $9 billion, fostering job creation and scaling nascent ideas into category leaders like Druva Software, Spinny, and Zypp Electric.[4][5][7]
Founded in April 2006 as a network of angel investors—many with CEO or entrepreneurial backgrounds—IAN began in New Delhi to fund early-stage businesses with disproportionate value potential, offering not just capital but mentoring and networks.[1][3][6] Key figures include co-founder Padmaja Ruparel, ranked among Fortune's Most Powerful Women in India in 2018, alongside members like Ajay Chowdhry and Rajan Anandan; by 2017, it grew to 450 members across 11 countries.[3] Evolving from a pure angel network, it rebranded to IAN Group around 2008 onward, expanding into structured funds (e.g., SEBI-registered IAN Capital) and verticals like BioAngels, while partnering internationally, such as with Bangladesh Angels Network in 2020 for cross-border tech startups.[3][4][5][7] This shift broadened its scope from seed deals up to $1M (average $400-600K) to larger syndications, investing in over 225-250 companies across 20 sectors.[4][6][7]
IAN rides India's booming early-stage startup wave, fueled by rising entrepreneurism, digital infrastructure, and government initiatives like Startup India, timing its 20-year presence to capture the shift from angel-led bootstrapping to VC maturation.[5][7] Market forces favoring it include a surge in tech-driven sectors (AI, biotech, EV, spacetech) amid $100M+ fund corpus and global investor interest, positioning IAN to catalyze ₹20,000 Cr in follow-ons and influence ecosystem growth by creating 500,000 jobs via 500 investments by 2030.[4][5][7] It shapes the landscape by setting benchmarks for angel investing—emphasizing execution over hype—fostering cross-border ties (e.g., Bangladesh), and enabling underrepresented areas like deeptech and healthtech to achieve unicorn trajectories, thus democratizing capital for India's $9B+ seeded valuation pool.[3][5][7]
IAN Group is poised to dominate early-stage investing with its mission to hit 500 startups and ₹5000 Cr deployment by 2030, capitalizing on AI, climate tech, and spacetech trends amid India's projected $1T digital economy.[5][7] Evolving influence may see deeper global syndications, vertical fund expansions (e.g., BioAngels for diagnostics like Dectrocel), and AI-leveraged deal flow, amplifying its role in job creation and exits.[4][5] As the "single largest horizontal platform," it will likely redefine risk-mitigated scaling, turning today's seeds into tomorrow's scale-ups that propel India's entrepreneurial ecosystem forward.[7]
Key people at Indian Angel Network.
Indian Angel Network has more than 26 tracked investments across 24 companies. The latest tracked deal is $108.0M Seed in Rymo Technologies in March 2026.
