Early stage investment powerhouse IAN Group has announced the final close of its $100 million IAN Alpha Fund, its second venture capital vehicle aimed at accelerating India’s next wave of tech-enabled startups. The fund will invest in early-stage companies developing solutions across AI, space tech, semiconductors, climate technology, healthcare, and other frontier sectors.
The Alpha Fund has attracted support from a diverse pool of institutional and government linked investors. Key contributors include the Self-Reliant India Fund, SIDBI’s Fund of Funds for Startups, ACE Fund, and the Odisha Startup Growth Fund, alongside insurance firms and prominent family offices.
IAN Group said that 10–12 startups have already received backing from the fund, many led by first-generation founders emerging from tier-II and tier-III cities. This aligns with IAN’s mission to democratize entrepreneurship by giving founders outside major metros equal access to capital, mentorship, and markets.
Through its platform, IAN enables entrepreneurs to raise between ₹50 lakh and ₹50 crore, along with access to a global network of mentors and industry experts. Over its 19 year journey, the group claims to have delivered high double-digit returns and remained consistent in returning capital across cycles.
The IAN Alpha Fund reinforces the group’s longstanding investment thesis: backing exceptional founders solving real world challenges or building for India’s strategic future. The fund’s close comes months after IAN appointed Chintan Thakkar as Group CEO to strengthen its leadership and operational strategy.
With India’s deep-tech ecosystem expanding rapidly, the Alpha Fund positions IAN as one of the country’s most influential platforms supporting innovation at scale especially for founders outside traditional startup hubs.
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