Indian seed and early-stage investment platform IAN Group invested more than Rs 85 crore in more than 52 companies across fintech, B2B (business-to-business) SaaS, D2C (direct-to-consumers) and cleantech sectors in 2022. It also claimed to invest in 11 women-owned ventures and 13 start-ups.
Along with investments, it also made exits from 13 companies.
Since its inception in 2006, the platform has claimed to fund Rs 900 crore in 200 companies. This year, it invested Rs 17 crore in 11 women-led start-ups and Rs 26 crore in 13 companies from tier two and three cities. It started to help in creating 90,000 jobs in 2022.
Advertisement
IAN is currently valued at $9 billion. It has three unicorns and five soonicorns in its portfolio. In 2022, its portfolio companies raised Rs 1260 crore in total funding.
IAN Fund 1, the maiden VC fund of the company, included companies like Phool.co, Dhruva Space, WebEngage, Wow! Momo, Propelld and others. This year, it launched IAN Alpha Fund with a corpus of Rs 1000 crore to invest in cleantech, healthtech, agritech, edtech, fintech and emerging sectors like industry 4.0, web 3 and robotics.
Speaking on IAN’s performance this year, Padmaja Ruparel, co-founder of IAN, said, “Start-ups and start-up investing have established themselves in the HNI (high-net-worth-individuals) portfolio. Despite the geopolitical scenario, mass layoffs, etc., IAN has proved to be, once again, a high traction platform enabling investments, exiting, and helping companies with their next rounds. We are now confident that the coming year will be all the more promising. With the growth curve, IAN has had, it will soon achieve its vision of supporting 500 startups, investing Rs 5000 crores and creating 500,000 jobs by 2030.”
Just one email a week