13 companies from tier-2 and 3 cities, received ~Rs. 26 crores of capital
New Delhi: IAN, India’s single most significant platform for seed and early-age investing, ends 2022 with investment in 52 companies with over Rs. 85 crores of investment in Fintech, D2C, B2B SaaS, and Cleantech, amongst others. These companies are solving real problems and therefore are either consumer-facing and/or creating impact. IAN invested in 13 startups from Tier 2 and 3 cities and 11 women-owned ventures to boost the startup ecosystem and reinforce entrepreneurs to build high-growth valuable companies.
2022 also brought lucrative exits from 13 high-value companies. IAN gave cash exits of almost 4x, and investors continued to hold shares worth Rs. 180 cr against an investment of Rs. 28 crores in these 13 companies. IAN’s portfolio companies have raised a total funding of INR 1260 crore in 2022. As of September 2022, The IAN Group had invested in over 25% of companies from tier cities and more than 17% of companies led by women entrepreneurs, with an investing fund corpus of 21% and ~20%, respectively.
The IAN platform has, to date, helped create over 90,000 jobs, enabled the filing of 160+ patents, and assisted in reducing around 40,000 MT of carbon emissions.
Speaking on IAN’s performance this year, Padmaja Ruparel, Co-Founder of IAN, said, “Startups and startup investing have established themselves in the HNI portfolio. IAN has once again proven to be a high traction platform enabling investments, exiting, and assisting companies with their next rounds despite the geopolitical situation, mass layoffs etc. Now we are confident that the upcoming year seems even more promising. With this growth curve, IAN has had, it will soon achieve its vision of investing INR 5000 crores, supporting 500 startups and generating 500,000 jobs by 2030.”
In India, IAN is credited with developing the idea of angel investing. With focus on nurturing and mentoring next-generation entrepreneurs, the platform was established in 2006. Since then, it has invested INR 900 crore in more than 200 companies, raising INR 18,000 crore in funding. With three unicorns and five soonicorns in its portfolio, the company has a market valuation of over $9 billion.
IAN’s maiden VC fund, IAN Fund 1, includes companies such as Dhruva Space, Phool.co, WebEngage, Wow! Momo, Propelled, etc., in its portfolio. Nearly 70% of the fund’s portfolio companies have seen the next rounds from marquee Indian and global investors. Following the success of IAN Fund 1, IAN launched IAN Alpha Fund, a SEBI-registered Cat II VC fund with a fund corpus of INR 1000 crores this year. This fund is keen to invest in Fintech, Cleantech, Agritech, Healthtech, Edutech, and emerging sectors like Industry 4.0, Web 3, Robotics, etc. The year also saw the operationalization of BioAngels, India’s first sector-focused angel investor group, in partnership with BIRAC.
IAN Alpha Fund and BioAngels, demonstrate IAN’s continued excitement for Indian startups and the growth of innovation in the healthcare, biotech, agri and cleantech sectors, apart from deep tech, D2C / consumer-facing companies.
