IAN Group

What IAN Group does

IAN Group (Indian Angel Network) is one of India's largest and most established angel investor networks, founded in 2006 by Padmaja Ruparel, Saurabh Srivastava, and Raman Roy. Operating as a privately-held investment platform headquartered in New Delhi, IAN Group functions as a community-led, network-driven early-stage investment platform with 500+ investor members across 10 countries and 8 global locations including London, Israel, and Dubai. The platform manages multiple SEBI-registered Alternative Investment Funds (AIFs) including IAN Fund I (Category I, $55M), IAN Alpha Fund (Category II, $100M final close in December 2025), IAN Angel Fund (evergreen), and BioAngels (sector-focused), collectively deploying capital in cheque sizes ranging from ₹50 lakhs to ₹50 crores across pre-seed, seed, Series A, and Series B stages.

IAN Group's portfolio comprises 260+ companies across 20 sectors, including 3 unicorns, 5 soonicorns, and 59 women-led startups, with a total portfolio valuation exceeding US$9 billion. The platform demonstrates significant social impact with 1,60,000+ jobs created and 39 million MT of CO2 emissions reduced by portfolio companies. Deep-tech investments represent approximately 46% of the portfolio (₹625 crore deployed across ~50 deep-tech startups), with the largest single deep-tech bet being ₹123 crore in Dhruva Space (spacetech). The investment model combines a horizontal platform approach with sector specialism (via BioAngels focus on healthcare/cleantech in partnership with BIRAC), structured Investment Committee oversight, and integrated advisory board featuring Padmaja Ruparel, Chintan Thakkar, Saurabh Srivastava, Dr. Ajai Chowdhry, Raman Roy, Kris Gopalakrishnan, Sunil Kant Munjal, and C.P. Gurnani.

IAN Group's business model generates revenue through management fees on committed/deployed capital across its fund vehicles, carried interest from successful portfolio exits, and equity returns from direct investments. The platform combines angel investing (via the 500+ member network), venture capital (via IAN Fund I and IAN Alpha Fund), and dedicated sector funds (via BioAngels) under a unified investment thesis, providing founders with high-quality mentoring, institutional credibility, and global market access. Strategic positioning includes partnerships with government-linked fund-of-funds (SIDBI-managed FFS, Self Reliant India Fund, NABARD, ACE Fund), corporate LPs (HDFC Life, DS Group Family Office, Buimerc Corporation), and angel co-investors, enabling syndication density and deal flow unavailable to smaller angel groups.

Name

IAN Group

Legal name

Indian Angel Network Private Limited (IANPL)

Website

https://indianangelnetwork.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

IAN Group is India's leading angel investor network founded in 2006, operating across 10 countries with 500+ investor members and managing multiple SEBI-registered AIFs ($155M+ AUM) to back 260+ early-stage startups across 20 sectors including deep tech, AI, and biotech.

Ownership category

akta.pro rank

Product category

Early-Stage Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industry

Venture Capital Fundraising Placement (FSAEALAC)

Keywords

• Early-stage venture capital
• Angel investor network
• Seed stage investing
• Deep tech investing
• Alternative investment funds

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management & Investment Returns: IAN Group manages multiple SEBI-registered alternative investment funds (IAN Fund I $55M, IAN Alpha Fund $100M, IAN Angel Fund, IAN Capital). Revenue is generated through management fees on committed/deployed capital across these funds and through carried interest/equity returns from successful portfolio exits. Funds deploy $1-5 million per deal from Alpha Fund and ₹50 lakhs to ₹50 crores across the platform.
2. Angel Network Investment Returns: Income generated from direct equity investments made through the IAN Angel Fund (evergreen fund) and from member-driven angel investments; 260+ portfolio companies across 20 sectors provide exposure to capital gains upon exit events. IAN's track record includes 3 unicorns and 5 soonicorns with seeded/breed companies valued at US$ 9bn+.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

IAN Group is India's largest horizontal platform for early-stage investments, providing capital, mentoring, and market access to founders through multiple SEBI-registered fund vehicles. Entrepreneurs raise from ₹50 lakhs to ₹50 crores across the IAN platform, with the IAN Alpha Fund investing US$ 1-5 million per deal and IAN Fund I providing a US$ 55M corpus for early-stage ventures. The platform combines a 500+ investor community, a 400+ mentor pool, sector-focused vehicles (BioAngels for healthcare and cleantech), and global market access through international operations spanning 10 countries.

Product overview

IAN Group is India's largest horizontal platform for early-stage investments, structured as a multi-fund platform with complementary offerings across investment stages. The core IAN Group Platform encompasses four distinct investment vehicles that work together to support founders from first cheque to growth: IAN Fund 1 (a US$ 55mn SEBI-registered AIF Category I VC Fund targeting early-stage deeptech, enterprise tech, cybersecurity, and SaaS); IAN Alpha Fund (a $100mn SEBI-registered AIF Category II fund investing $1-5M in AI, space tech, semiconductors, climate, and healthcare); IAN Angel Fund (an evergreen angel fund for early-stage companies across sectors); and BioAngels (India's only sector-focused angel group for healthcare and cleantech, in partnership with BIRAC). Combined, the platform has invested approximately ₹1,150 crore across 260+ startups over 20+ years, with three unicorns and five soonicorns.

Differentiator

Problem solved

Functional benefit

Brands

• IAN Alpha Fund: Second venture capital fund of IAN Group; SEBI AIF Category II fund investing $1-5M in early-stage companies across AI, space tech, biotech, semiconductor, and other sectors.
• IAN Fund I
• IAN Angel Fund
• IAN Capital
• BioAngels

Products and services

• IAN Fund 1 SEBI-registered AIF Category I Venture Capital Fund (US$ 55mn) managed by IAN Consultancy LLP, investing in early-stage ventures with focus on deep tech, enterprise technology, cybersecurity, and SaaS sectors. Led by Managing Partner Rajnish Kapur.
• IAN Alpha Fund SEBI-registered AIF Category II fund with a final closed corpus of US$ 100 million, investing US$ 1-5 million in early-stage companies across AI, space technology, semiconductors, climate innovation, and healthcare sectors. Managed by Indian Angel Network Services Pvt Ltd and led by Senior Managing Partner Padmaja Ruparel and Group CEO Chintan Thakkar.
• IAN Angel Fund Evergreen Category I Venture Capital Fund (SEBI Reg. No. IN/AIF1/20-21/0862) managed by Indian Angel Network Services Pvt Ltd, providing angel-stage funding for early-stage startups with sector-agnostic coverage including wellness, mobility, biotech, and emerging sectors.
• BioAngels India's only sector-focused angel investor group, founded in partnership with BIRAC, providing deep engagement in the Healthcare and Cleantech sectors through an innovative public-private partnership.
• IAN Group Investment Platform India's largest horizontal platform for early-stage investments, providing founders with capital, mentoring, and market access from the first institutional cheque through successive growth phases, enabling entrepreneurs to raise from ₹50 lakhs to ₹50 crores with high-quality mentoring and global market access.

Quantifiable outcome

• ~₹1,150 crore invested; 260+ startups backed; ~1,60,000 jobs created; 39,00,000 MT CO2 emissions reduced; 59 women-led startups supported
• +4 more outcomes

Named customers34 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered ecosystem exposure via bharat innovates 2026, government ecosystem partnership, flagship sector specialism, ecosystem partner, portfolio company gtm partnership (illustrative), brand recognition partner, academic / talent partnership, advisory partnership and ecosystem institution co-founder.

• Bharat Innovates 2026 - Safran, TotalEnergies, thyssenkrupp, ALTEN, ICEYE (French/German counterparts)ecosystem exposure via bharat innovates 2026Strategic or Co-development Partner · 16 June 2026At Bharat Innovates 2026 (Nice, France), seven commercial MoUs were signed between Indian deep-tech startups and international partners including Safran (with Agnikul Cosmos), TotalEnergies (with Detect Technologies), thyssenkrupp (with TuTr Hyperloop), ALTEN (with iElectron Technologies), and ICEYE (with Agnikul Cosmos). IAN Group ecosystem members are exposed to these global partnership opportunities.
• Government of India RDI Fund (Department-related)government ecosystem partnershipStrategic or Co-development Partner · 13 June 2026IAN Group counts 6 of the 22 deep-tech startups in the Indian government's sanctioned ₹2,192 crore RDI Fund inaugural cohort (including Agni Kul, Cosmos, Trivia Space, Galaxy, Astrom, and Manasu Space), making it the single largest investor presence in the cohort.
• BioAngels (with BIRAC)flagship sector specialismStrategic or Co-development Partner · 30 April 2026BioAngels, founded by Padmaja Ruparel in partnership with BIRAC (Biotechnology Industry Research Assistance Council, the innovation arm of the Department of Biotechnology, Government of India), is the first angel investor group in partnership with any government body worldwide, focused on Healthcare and Cleantech. Co-invested with IAN in Monitra Health and others.
• BioAngels / IIM Bangalore NSRCELecosystem partnerStrategic or Co-development Partner · 15 July 2025BioAngels (IAN's healthcare/cleantech-focused angel network) and IIM Bangalore's NSRCEL co-invested alongside IAN Group in Dial4242's ₹9 crore Pre-Series A round for ambulance tech.
• Zomato, Swiggy, Amazon (Dial4242 platform partnerships)portfolio company gtm partnership (illustrative)GTM or Marketing Partner · 15 July 2025Listed as customer/GTM partnerships for portfolio company Dial4242; gig platforms partner with Dial4242 to support delivery partners. Reflects IAN-supported ecosystem of platform integrations across portfolio companies.
• Forbes Indiabrand recognition partnerGTM or Marketing Partner · 1 January 2025Forbes India featured IAN Group's 2006 inception in its India@75 list of iconic milestone events of Independent India, providing significant brand recognition and third-party validation.
• IIIT Naya Raipur and IIT Kanpur (Board of Governors)academic / talent partnershipStrategic or Co-development Partner · 1 January 2013Saurabh Srivastava serves as Chairman of IIIT Naya Raipur and on the Board of Governors of IIT Kanpur. Padmaja Ruparel is adjunct Professor of Entrepreneurship at IIT Mumbai. Strategic partnerships supporting talent pipeline and research commercialisation.
• Imperial College Business School Londonadvisory partnershipStrategic or Co-development Partner · 1 January 2006Saurabh Srivastava served on the Advisory Board of Imperial College Business School London; relationship supports IAN's London-anchored international operations.
• The Indus Entrepreneurs (TiE)ecosystem institution co-founderStrategic or Co-development Partner · 1 January 2002Padmaja Ruparel set up and operationalised the Delhi chapter of TiE. Saurabh Srivastava chaired TiE globally. Strategic partnership spanning the world's largest organisation focused on entrepreneurship with 16,000+ members across 60+ chapters in 14 countries.
• NASSCOMecosystem institution co-founderStrategic or Co-development Partner · 1 January 1999Saurabh Srivastava co-founded and chaired NASSCOM. Padmaja Ruparel helped operationalise the Delhi chapter of The Indus Entrepreneurs (TiE) and has multiple NASSCOM Deep Tech Council and IVCA committee affiliations. Strategic partnership anchoring India's IT/startup ecosystem.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ianetwork
• YouTubeyoutube.com/@iangroupvc
• Facebookfacebook.com/indianangelnetwork
• LinkedInlinkedin.com/company/indian-angel-network
• Instagraminstagram.com/indianangelnetwork

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments276 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IAN Group