Angel network Zero To One receives approval from top market regulator SEBI to set up a Rs 300 crore Category-1 Alternative Investment Fund for investments in startups, the firm discloses on Wednesday, according to media reports.
Zero To One will invest across sectors in early-stage technology companies with a focus on edtech, health tech, agritech, medtech and cleantech spaces. Zero To One is a community of early-stage investors that comprises over 500 Angels, High Networth Individuals (HNIs) and Venture Capitalists.
Zero To One founder and Director Praveen Kaushik said in the statement that we believe the AIF would not only fund the young startups but also fuel them with the synergy, support and mentorship.