New Delhi: IAN, the Indian seed and early-stage investment platform, welcomes Priyank Garg as Managing Partner of the IAN Alpha Fund, the second in the IAN Group funds series. Priyank’s coming on board will strengthen the Fund’s top team and enable it to match and exceed its excellent track record of Fund 1 and the Angel Group.
An entrepreneur and active early-stage investor, Priyank brings over 26 years of experience in the cleantech, manufacturing, healthtech, SaaS & technology sectors. A Stanford and IIT Delhi graduate, he brings cross-border experience with Yahoo and has, over the last 15 years, invested in over 60 companies across a variety of sectors, both in India and overseas.
Priyank co-founded IOTomation, a building IoT company, in 2019. He is currently the President of the Delhi Chapter of ISHRAE (Indian Society of Heating Refrigeration and Air-conditioning Engineers). As a TiE Charter Member, supports the Million Sparks Foundation and deeply engages with various startup / early-stage platforms like NASSCOM Emerge, India Innovation Initiative, Samsung Innovation, Times of India Big Challenge jury, etc.
Embarking on this new journey, Priyank Garg, Managing Partner, IAN Alpha Fund, said, “I am delighted to join the IAN Group as part of the IAN Alpha Fund for the next stage of our journey. As an angel investor, I have been investing with IAN for 14 years across sectors and have really appreciated the depth of engagement, quality of portfolio founders, and focus on governance and returns. Having tried many others, this is the only platform that puts health of the Indian startup eco-system at the heart of its work from the day of its founding to today. I look forward to progressing IAN’s focus on solving real problems of the world from India with tech, innovation and transformation, augmented with my passion and experience in Deeptech and Cleantech, and bringing about India’s golden hour.”
Speaking on the same, Saurabh Srivastava, Co-founder and Chairman IAN, said, “We are delighted to welcome Priyank to the IAN Alpha Fund. He is well known in the seed / early stage investor ecosystem, and we look forward to leveraging his business-building experience for the Fund’s portfolio companies which, in turn, will enable high returns for our Investors.”
Ms. PadmajaRuparel, Co-founder IAN and Sr. Managing Partner IAN Alpha Fund, said, “We are truly excited to have Priyank join the IAN Alpha Fund. He brings decades of experience in building businesses in India and the US, in environment-friendly spaces. With his deep engagement with the startup ecosystem, he will just add to the mentoring and market access that IAN brings to its portfolio companies, ensuring a far lower risk to investors.
IAN Alpha Fund
IAN Alpha Fund, a Rs. 1000 crores (US$125mn) SEBI registered, AIF Category II VC Fund, is the second Fund in IAN’s series of Funds. It is being built to leverage the portfolios of both the IAN Angel Platform and IAN Fund I, apart from investing in innovative startups solving real problems for India and the world, with sustainable business models enabling scale by leveraging technology. With the IAN Alpha Fund, IAN continues its legacy of building a portfolio of high-quality companies by founders who not only understand the customer need but have leadership qualities to build complementary and high execution-focused teams to build valuable businesses.
