Growth Sense Launches Rs 100 Cr SEBI-Registered Angel Fund
Growth Sense Private Limited has launched its first SEBI-registered Angel Fund, Growth Sense Venture Fund, with a total corpus of Rs 100 crore. The fund aims to support early-stage startups in India and has already attracted seasoned investors.
The fund, a Category-I Alternative Investment Fund (AIF), has a 25-year term and requires a minimum commitment of Rs 25 lakhs per individual investor. It has drawn in seasoned sec, family offices, and startup ecosystem veterans. The fund's mission is to provide strategic, operational, and long-term support to high-potential entrepreneurs.
Growth91, a digital investment-startup marketplace, has played a role in this initiative. With over 2000 registered investors, it has launched 'Future Unicorn', a discovery platform for promising startups. Meanwhile, Sanjay Sarda, Co-Founder and Director of Growth Sense, expressed confidence in India's founders and the fund's potential impact. Sarda holds the required NISM Series XIX-C certification for the fund's investment management.
The Growth Sense Venture Fund operates under the trusteeship of Mitcon Credentia Trusteeship Services Limited, with Growth Sense Private Limited serving as the investment calculator. Despite no specific information about the identity of the trusteeship services, the fund's launch signals a boost for India's startup ecosystem.
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