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Agility Ventures eyes crypto start-ups, get Sebi nod for Rs 450 cr fund

New Delhi, Jan 8 (UNI) Angel investor network Agility Ventures would launch Rs 450 crore fund and deploy the entire corpus in the next 3-4 years. It plans to invest Rs 75 crore in over 50 start-ups this year.

"We are here to create more than just a ripple in the start-up investment space and the angel fund will help us reach that goal," said Dhianu Das, Co-Founder of Agility Ventures.

The investment firm on Saturday said that it has received necessary approvals from market regulator Securities and Exchange Board of India (SEBI).

In recent months, a clutch of angel investor networks has applied to SEBI for launching Alternative Investment Funds (AIF).

Agility Ventures network has been investing in early-stage businesses in sectors such as education, technology, healthcare, e-commerce, automobiles, electric vehicles and robotics. It has now set sights on start-ups in emeging sectors like fintech, cyber security and crypto.

"SEBI’s approval to launch the fund is just the kind of start we were looking for in this New Year. After launching Fluid Ventures (a D2C focused SEBI-registered category-1 VC fund) last year, this is exactly the kind of fuel needed to roll-out our plans for 2022," said Das in a statement here.


Prashant Narang, Co-Founder, Agility Ventures said, "The interesting thing about raising the kind of angel fund that has been approved by SEBI is that it is sector-agnostic and does not limit itself to co-investments.

"This model also simplifies the financing process without changing the core style of the angel network. In fact, it adds to the pre-existing angel investor's style of financing, which usually entails Bridge rounds to pre-series A rounds," he added.

Agility Ventures is a global network spread across 25 chapters in India, Canada, UAE, Australia and the UK as well.

UNI NK RJ
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