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IAN Group marks final close of $100 Mn Alpha Fund

EntrackrEntrackr · -6309s ago
IAN Group marks final close of $100 Mn Alpha Fund
Medial

IAN Group marks final close of $100 Mn Alpha Fund Early-stage investment platform IAN Group has completed the final close of its second venture capital vehicle, the IAN Alpha Fund, with a corpus of $100 million. The fund aims to back early-stage, tech-enabled startups addressing major industry and societal challenges. Its investment focus spans sectors such as artificial intelligence, space tech, semiconductors, climate, healthcare, and other frontier domains. The Alpha Fund saw backing from a mix of institutional and government-linked investors, including funds like the Self-Reliant India Fund, SIDBI Fund of Funds for Startups, ACE Fund, and Odisha Startup Growth Fund, along with insurance and family-office investors. According to IAN, several of its initial portfolio companies, 10 to 12 so far, are led by first-generation founders based in tier-II and tier-III cities. IAN enables entrepreneurs to raise from Rs 50 lakhs to Rs 50 crore on a single platform, along with mentoring and global market access. The Group’s investment thesis has been to invest in startups in emerging sectors led by exceptional founders solving real problems or building for India’s strategic imperatives, while giving exceptional investor returns. Over the last 19 years, it claims to have consistently returned capital with multiples in high double digits. The fund follows IAN’s broader vision of supporting startup growth across geographies and sectors, with a stated aim to help founders in smaller cities get the same opportunities as those in major urban centres. In August this year, IAN Group had also appointed Chintan Thakkar as Group CEO of IAN Group.

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EndureAir raises $2.85 Mn led by IAN Alpha Fund

EntrackrEntrackr · 3m ago
EndureAir raises $2.85 Mn led by IAN Alpha Fund
Medial

EndureAir raises $2.85 Mn led by IAN Alpha Fund EndureAir Systems, a deep-tech UAV (Unmanned Aerial Vehicle) and aerial robotics firm, has raised Rs 25 crore (about $2.85 million) in funding led by IAN Alpha Fund, with participation from IAN Angel Fund. The proceeds will be used to strengthen its UAV capabilities for the defense ecosystem, expand into enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms. Founded in 2018 by Dr. Abhishek along with his former students Rama Krishna and Chirag Jain, EndureAir designs and manufactures rugged, indigenous UAVs for logistics, defense, surveillance, and disaster response. Unlike drone assemblers, the brand develops both hardware and software fully in-house, leveraging over 15 years of rotorcraft research and backed by 8 patents in flight dynamics and autonomy. EndureAir’s UAV portfolio includes: Sabal, a heavy-lift logistics drone family (10–70 kg payloads) already inducted by the Indian Army’s Eastern Command; Vibhram, a long-endurance UAV that powered Telangana’s Medicine from the Sky vaccine delivery program; and Alakh, a nano-UAV series deployed in critical rescue missions from Chamoli cloudburst to the Turkey earthquake. It is also co-developing high-altitude logistics drones with Bharat Electronics Limited (BEL) and piloting missions in Bhutan with Druk Holding & Investments (DHI). The Noida-based startup competes with players like IdeaForge, Garuda Aerospace, and NewSpace Research.

IAN Group appoints Info Edge’s Chintan Thakkar as Group CEO

EntrackrEntrackr · 3m ago
IAN Group appoints Info Edge’s Chintan Thakkar as Group CEO
Medial

Early stage investment platform IAN Group has appointed Chintan Thakkar as Group CEO of IAN Group. The move comes as part of a broader strategy to augment the Group and build it to fuel future growth. Chintan will also provide critical guidance to the recently launched IAN Alpha Fund as a Senior Managing Partner for the Fund. Formerly the Group CFO & Whole time Director at Info Edge India, Chintan is a seasoned leader in finance, governance, and strategic growth and brings over three decades of experience, vision, and leadership to the IAN Group. At Info Edge, Chintan played a pivotal role in the company’s transformation from a small cap to large cap company with 18x market capitalisation growth, helped execute landmark capital market and M&A transactions, and was deeply involved in the company’s investments in early stage companies as well as in launching AIFs for startup investments. “IAN is one of India’s most respected names in the investment world. Its commitment to investing in innovation that addresses real problems or meets national strategic imperatives truly excites me. I look forward to making a significant contribution alongside the IAN Board and the team,” said Thakkar. IAN enables entrepreneurs to raise from Rs 50 lakhs to Rs 50 crore on a single platform, along with mentoring and global market access. The Group’s investment thesis has been to invest in startups in emerging sectors led by exceptional founders solving real problems or building for India’s strategic imperatives, while giving exceptional investor returns. Over the last 19 years, it claims to have consistently returned capital with multiples in high double digits.

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