# Indian Angel Network

Indian Angel Network is a Private Equity based in New Delhi, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** New Delhi, India
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.indianangelnetwork.com
- **LinkedIn:** linkedin.com/company/indian-angel-network

## Regulatory record

- **Reports private funds:** No

## About

The Indian Angel Network is a group of entrepreneurs and CEOs who invest in start-ups and early-stage ventures. They invest in IT products and services, high-end BPO/KPO, retail, biotech and pharma, internet, media and entertainment, and telecom and embedded domains. The network has made 325 investments and has 27 portfolio exits.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Mobility & Transportation
- AI/ML
- AgriTech & FoodTech

## People

- Padmaja Ruparel — Co-Founder
- Saurabh Srivastava — Co-Founder
- Raman Roy — Co-Founder

## Questions

### Who runs investment decisions at Indian Angel Network?

Investment decisions are driven by a membership-based model governed by Padmaja Ruparel as President and the founding team. Deals are vetted through sector-specific screening committees composed of domain-expert members before being presented to the broader investor base for individual commitment. Final investment authority rests with the individual angels who choose to participate, while the IAN Alpha Fund operates under a formal investment committee structure aligned with SEBI AIF regulations.

### How does Indian Angel Network source proprietary deal flow?

IAN sources deals through its multi-city chapter network spanning New Delhi, Mumbai, Bangalore, Kolkata, Pune, Hyderabad, and Jaipur, supplemented by an international chapter in London. The group benefits from its founders' deep ties to TiE, NASSCOM, and India's serial-entrepreneur community, creating a referral funnel that captures company formation at the earliest stage. IAN also partners with incubators, academic institutions, and government startup initiatives to access pre-institutional deal flow.

### Does Indian Angel Network participate in fund commitments or only direct deals?

IAN primarily executes direct equity investments in early-stage companies, with individual angels taking pro-rata stakes on deal-by-deal terms. Through IAN Fund I and IAN Alpha Fund, the platform also operates pooled investment vehicles that make larger, institutionally structured commitments and build concentrated portfolios. The network itself does not take LP stakes in third-party venture funds.

### Where does the underlying capital come from?

The capital is sourced from IAN's membership of over 500 accredited individual investors — largely Indian and diaspora entrepreneurs, corporate executives, and professionals — who commit personal balance-sheet capital on a deal-by-deal basis. The Alpha Fund aggregates capital from members and external limited partners into a structured AIF vehicle, diversifying the funding base beyond purely angel-derived capital.

### How does Indian Angel Network support portfolio companies beyond capital?

IAN positions itself as a high-engagement investor, connecting portfolio companies with a membership base that includes repeat founders, operating executives, and domain specialists who provide mentorship, board participation, and commercial introductions. The network's sector committees and chapter events create structured touchpoints for portfolio support, while the Alpha Fund's institutional format has enabled dedicated portfolio-management resources that extend beyond the typical angel-network operating model.

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Last updated: 2026-06-03T20:00:00.000Z

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