Equentis Angel Fund launches Rs 500 Cr fund I

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

The fund will be focused on Pre-Series A and Bridge-to-Series A rounds, the fund will make investments in the range of Rs 4–10 crore ($500K–$1.2 million). Startups operating with a total addressable market (TAM) of Rs 8,000 crore ($1 billion) and a strong growth trajectory will be the core focus of the fund.

Over the next 18-24 months, Equentis’ Angel fund plans to invest in 40-50 startups, focusing on themes from defence, consumer tech, deeptech, logi tech, fintech & AI seeking growth capital to scale their businesses. 

According to market research, as of 2024, there were over 128,000 startups, making it the third largest globally. In 2024, startups already raised over $10 billion, and projections are that they will exceed $15 billion by year-end. Angel Funds (Cat-I AIF, VCF) alone has raised around $1 Bn in investor commitments.

Equentis has made its first investment in Yatnavat operating under the brand OORJAA.