Equentis Wealth Advisory Services has propelled its inaugural Category I Alternative Investment Fund (AIF) – the Equentis Angel Support. With a target corpus of Rs 500 crore ($60 million), the Equentis Angel Support is set to back early-stage, high-growth Indian startups.

The support will be centered on Pre-Series A and Bridge-to-Series A rounds, the support will make ventures in the run of Rs 4–10 crore ($500K–$1.2 million). New businesses working with a add up to addressable advertise (TAM) of Rs 8,000 crore ($1 billion) and a solid development direction will be the core center of the fund.

Over another 18-24 months, Equentis’ Angel finance plans to contribute to 40-50 new companies, centering on topics from guard, customer tech, deeptech, logi tech, fintech & AI looking for development capital to scale their businesses. 

According to advertise inquire about, as of 2024, there were over 128,000 new companies, making it the third biggest all inclusive. In 2024, new businesses as of now raised over $10 billion, and projections are that they will surpass $15 billion by year-end. Angel Stores (Cat-I AIF, VCF) alone has raised around $1 Bn in financial specialist commitments.

Equentis has made it to begin with speculation in Yatnavat working beneath the brand OORJAA.

source: entrackr.