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IIM Indore Alumni Angel Fund
IIM Indore Alumni Angel Fund pools capital from the Indian Institute of Management Indore's graduate network to back early-stage startups across India.
IIM Indore Alumni Angel Fund
IIM Indore Alumni Angel Fund is a private investment initiative based in Madhya Pradesh, India. It invests in early-stage tech-enabled startups in various sectors from pre-seed to pre-series A and selectively at Series A. The fund primarily targets Indian-founded startups with strong market fit, large market potential, and a clear path to profitability.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Indore
Corporate office
Indore, India
Sector focus
Frequently asked questions
How does the IIM Indore Alumni Angel Fund source its deals?
Deal flow originates primarily through the IIM Indore alumni network, which spans professionals in consulting, technology, banking, and operating roles across India. This distributed sourcing model gives the fund reach into startups in tier-2 and tier-3 cities that are often overlooked by metro-focused venture firms.
Does the fund lead rounds or participate as a co-investor?
The fund typically participates as a co-investor within larger syndicates, writing checks alongside other angel networks and micro-VCs. Its investment documentation positions it for early-stage, pre-revenue, and seed-stage deals rather than leading priced rounds.
Which sectors does the fund explicitly target?
Sector preferences include enterprise software, fintech, digital health, AI/ML, and education technology, all sectors where IIM Indore alumni frequently hold domain expertise. The fund has not publicly excluded any specific sector from consideration.
Is the fund open to non-IIM-Indore investors?
The fund was established exclusively for IIM Indore alumni, and its name reflects that closed membership structure. There is no public indication that it accepts external limited partners.
What is the fund's geographic focus within India?
While open to opportunities across India, the fund places notable emphasis on startups in Madhya Pradesh and surrounding tier-2 markets, consistent with the institute's Indore base and alumni density in central India.
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