Press Releases

We are pleased to announce the appointment of Kalyan Sivalenka, CFA as Managing Partner of Hyderabad Angels Fund, alongside Rathnakar Samavedam. Following formal approval from SEBI, Kalyan will take on a leadership role in managing the Fund’s operations and investment strategy.

We are thrilled to share that BluSmart, our esteemed portfolio company and a pioneer in fully electric and sustainable ride-sharing, has launched its new Charge App! Now available in Delhi-NCR and Bangalore, this app is designed to help EV drivers effortlessly find the nearest charging stations. We wish BluSmart continued success as they expand their impact and cater to even more eco-friendly rides in the future.

Our portfolio company, WickedGud, has launched a cup noodle category into the market. We wish them the best and hope they continue to grow with each passing day. Congratulations to the WickedGud team.

Our portfolio company, PlanetSpark, an ed-tech platform, has raised $17 million in an extended Series B round, led by Prime Venture Partners. PlanetSpark Co-founders Maneesh Dhooper and Kunal Malik have also invested in the firm. The fresh funding for the ed-tech company comes after a gap of 26 months. Congratulations to the PlanetSpark team!

Our portfolio company, FREED India, a pioneering debt relief platform, has successfully secured its Series A round of funding. The company raised Rs 60 crores. Ritesh Srivastava, the founder of FREED, expressed his enthusiasm about this achievement. The investment will be used towards expanding their resources and reach, as well as supporting their business expansion. Congratulations to the entire team at FREED for their remarkable success!

One of our portfolio companies, Lemme Be, recently participated in a panel discussion on the topic of “New Leaders in Retail” in RLS2024. During the event, the founder of Lemme Be, Devidutta Dash, talked about the unaddressed need for women’s intimate wellness and the lack of sustainable and trusted products available in the market. Lemme Be offers such products to meet this need.

Hyderabad Angels (HAF) launched its first venture capital fund, with Rs 100 crore and an extra Rs 50 crore option. The Category 1 Alternative Investment Fund (AIF) plans to invest up to Rs 5 crore in 20 startups focused on technology and AI scalability. HAF aims to create a collaborative platform for founders to access both financial support and expertise from successful entrepreneurs.

Hyderabad Angels (HAF) launched its first venture capital fund, with Rs 100 crore and an extra Rs 50 crore option. The Category 1 Alternative Investment Fund (AIF) plans to invest up to Rs 5 crore in 20 startups focused on technology and AI scalability. HAF aims to create a collaborative platform for founders to access both financial support and expertise from successful entrepreneurs.

Hyderabad Angels Fund (HAF) launches its debut Venture Capital Fund, a Category 1 Alternative Investment Fund (AIF), with Rs 100 crore corpus and an additional Rs 50 crore option. Focused on technology and AI-driven startups, it plans to invest up to Rs 5 crore in 20 disruptive ventures. HAF aims to create a collaborative platform for founders to access financial backing and expertise from successful entrepreneurs. Leveraging Hyderabad’s entrepreneurial ecosystem, HAF seeks to accelerate innovation and rapid growth among startups.

HAF, a Venture Capital firm, has launched its first Venture Capital Fund, focusing on scalability through advanced technology and AI. With an initial corpus of Rs 100 crore and an optional Rs 50 crore, the fund aims to support 20 startups with up to Rs 5 crore, primarily in the Pre-Series A/Series A stage. HAF emphasizes collaboration and mentorship beyond financial backing to nurture innovative ventures. This initiative is praised for fostering engagement between investors and entrepreneurs by industry leaders.

Hyderabad Angels Fund (HAF) launches its first venture capital fund, backed by Rs 100 crore with an additional Rs 50 crore greenshoe option. The fund targets 20 disruptive startups, investing up to Rs 5 crore focusing on technology and AI industries. This platform collaborates globally, aiming to foster innovation and support startups.

HAF has launched its inaugural Venture Capital Fund, emphasizing scalability through technology and AI. With an investable corpus of INR 100 crore and an additional INR 50 crore greenshoe option, the fund aims to invest up to INR 5 crore in 20 disruptive startups. Management partners allocate fees to strengthen the team, involving accomplished entrepreneurs as investors to drive global innovation. HAF seeks to establish a collaborative platform for game-changing ventures, contributing to India’s leadership in technology-driven enterprises.

Hyderabad Angels Fund (HAF) has launched its first Venture Capital Fund of INR 100 crore with an additional INR 50 crore option. The fund focuses on tech and AI-driven startups, aiming to invest INR 5 crore each in 20 disruptive startups. Managing Partners Sri Myneni and Kishore Ganji emphasize creating a collaborative platform for founders to access financial backing and expertise from successful entrepreneurs.

Hyderabad Angels (HAF) launched a Rs 100 crore venture capital fund with an additional Rs 50 crore option. The Category 1 Alternative Investment Fund (AIF) plans to invest up to Rs 5 crore in 20 tech-focused startups. Managing Partners Sri Myneni and Kishore Ganji aim to create a collaborative platform for founders. T-Hub CEO Mahankali Srinivas Rao highlights HAF’s readiness to engage in Hyderabad’s startup ecosystem.

Hyderabad Angels (HAF) has launched its first venture capital fund with a total of Rs 100 crore, along with an additional Rs 50 crore option. This Category 1 Alternative Investment Fund (AIF) aims to support 20 innovative startups with up to Rs 5 crore each, with a focus on technology and AI scalability. Mahankali Srinivas Rao (MSR), CEO of T-Hub, has expressed his willingness to collaborate with HAF to leverage its potential through fund synergy, industry leader engagement, and Hyderabad’s dynamic startup ecosystem.

Hyderabad Angels (HAF) unveiled its inaugural venture capital fund with Rs 100 crore and an optional Rs 50 crore. This Category 1 Alternative Investment Fund (AIF) targets 20 disruptive startups with Rs 5 crore each, focusing on technology and AI scalability. HAF aims to provide not just financial support but also mentorship from successful entrepreneurs. The fund boasts leaders across various sectors and aims to leverage Hyderabad’s startup ecosystem.

Hyderabad Angels has introduced its first venture capital fund, boasting a fund size of Rs 100 crore along with an extra green-shoe option amounting to Rs 50 crore. The company revealed that the Alternative Investment Fund (AIF) aims to allocate up to Rs 5 crore across 20 disruptive startups poised for scalability through technology and AI. Mahankali Srinivas Rao (MSR), the CEO of T-Hub, emphasized that HAF is strategically positioned to capitalize on opportunities emerging from fund collaboration, direct engagement with industry leaders, and the vibrant startup ecosystem in Hyderabad.

Hyderabad Angels’ sister company, Hyderabad Angels Fund, has recently launched its first-ever venture capital fund. This new fund is classified as a Category 1 Alternative Investment Fund (AIF), and it aims to raise a target amount of Rs 150 crore. The fund plans to invest Rs 5 crore in AI and technology, spread over 20 different companies.

Hyderabad Angels portfolio company LegalPay.in, India’s premier litigation funder and legal solutions provider, has unveiled the introduction of a zero-interest credit line for enterprises, startups, individual business owners, and freelancers. This initiative enables them to resolve legal disputes while safeguarding their working capital. The startup has set a target to disburse ₹200 crore in 2024 through its own NBFC, Padmalaya Finserve, in conjunction with other partner NBFCs.The vision of LegalPay is to bridge the gap between legal disputes and swift resolutions,” says Kundan Shahi, Founder and CEO of LegalPay.

Our portfolio company, LEMMEBE, has formed a strategic partnership with Team Pumpkin through a significant investment. This collaboration entails a comprehensive range of services, including creative strategy, social media management, performance marketing, marketplace oversight, public relations, and content production.

Our portfolio company, BLU SMART INDIA, has taken a significant step towards women’s employment. BluSmart has signed a Memorandum of Understanding (MOU) with the Automotive Skill Development Council (ASDC) for the initiative named “Project Sakhi.” Under this agreement, BluSmart aims to provide skill sets and training in driving to 250 women in Delhi NCR. As per the MOU, ASDC will conduct a 3-month training program for these women candidates, equipping them with the necessary skills and knowledge for safe and efficient driving. We commend BluSmart for this initiative in promoting women’s employment.

One of our portfolio companies, Thrillophilia, has launched an exclusive website for Lakshadweep tourism, targeting global travelers. With this website, Thrillophilia aims to offer a comprehensive solution for all Lakshadweep-related travel information. The platform features content in 10 Indian regional languages and is additionally accessible in over 10 international languages. This ensures a global reach, making Lakshadweep an enticing destination for travelers worldwide.

Our portfolio company Glamplus, a SaaS-enabled B2B beauty marketplace, just secured Rs 16.5 crore in a pre-series A round from key investors. Led by Rohan Singh, it empowers salons and spas with cutting-edge technology for efficient operations. The funds will drive B2B expansion in tier I and II cities, aiming for international markets. With 2,000+ SKUs and 12% annual growth, Glamplus serves 9,500 beauty clients and 600,000 B2C customers. The recent launch of a centralized warehouse ensures faster order processing and delivery.

Recently BluSmart (an EV ride-hailing service and EV charging super hub infrastructure operator) has raised $24 Mn from existing investors, founders, and leadership teams. CEO – Anmol Singh Jaggi, co-founder of BluSmart in a statement said “We will continue to expand our brand promise of zero ride denials, on-time service, and clean mobility to more geographies. The overwhelming support for the rights issue by our investors and belief exhibited by leading Development Financial Institutions (DFIs) shows exceptional confidence in our mission”

BlueSmart, our portfolio company, has completed 10 million electric rides in under 5 years, covering over 300+ million clean kilometers and saving 23,000+ tonnes of CO2 emissions. With a fleet of 5000+ EVs in Delhi NCR and Bengaluru, join us on our journey for green rides!

Innovapptive and Deloitte Australia have introduced an AI-Connected Worker Platform that combines mobile inspections with Computer Vision AI. This new innovation allows for rapid analysis of equipment conditions during inspections, seamless integration with ERP systems, and customized recommendations for efficient maintenance. The platform is expected to revolutionize asset management, boost productivity, and minimize downtime.

Blusmart Mobility Company has received carbon credit accreditation from Verra, a leading global non-profit corporation. Blusmart is the first mobility company in the country to receive these credits for reducing CO2 emissions generated by its EV fleet between February 2020 and December 2021.

The Blusmart Mobility platform has recently made changes to its EV fare system in order to attract more users. According to the co-founder and CEO Anmol Singh Jaggi, the company has reduced their fare slabs from 5km to 3km, providing more fare options for its customers. This move has made their platform more accessible and affordable for a wider range of consumers.

LegalPay, a New Delhi-based legal tech startup, has successfully closed a game-changing Rs 12 crore interim financing bond. With a competitive 14% annual compounding coupon rate, this innovative fixed-income instrument is revolutionizing the legal and insolvency landscape.

BluSmart Mobility, the pioneering Indian ride-hailing startup that exclusively operates electric vehicles, has achieved an impressive ARR of Rs 400 crore by August 2023.

Proper beer aficionados know this one well, but for the uninitiated, this is an interesting craft that does a small affordable subset of editions… that really hits!

DheeYantra, an innovative technology company in the field of artificial intelligence, has secured a groundbreaking patent for their Asynchronous Dialog State Machines (ADSMs). These proprietary ADSMs revolutionize conversational agents by allowing users to dynamically guide dialog flows, deviating from linear paths commonly seen in traditional solutions.

EaseMyTrip.com, a major Indian travel tech platform, partners with BluSmart, India’s premier all-electric ride-hailing and EV charging hub service.

DheeYantra, a pioneering leader in conversational AI technology, has proudly introduced the DheeYantra Edge server, marking a significant milestone in the realm of enterprise telephony.

We are glad to announce that our portfolio company Gryphon was recently featured in Forbes by respected Senior Tech Contributor, Mark Sparrow.

Session AI represents an important evolution of ZineOne, Inc. and reflects the company’s focus on in-session marketing and privacy-forward e-commerce solutions.

Synersoft Technologies gets Aegis Graham Bell Award organised by the Aegis School of Data Science, supported by Niti Ayog and Ministry of Electronics and Information Technology, Government of India

Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain said, the angel tax provision in the Finance Bill will not impact startups in India.

BankSathi is a social commerce fintech platform to empower consumers’ financial life by providing right financial products access to last mile users.

StanPlus, Hyderabad-based medical emergency response platform will build the new businesses under a new identity, RED.Health. The name change is rooted in the company’s commitment to strengthen India’s Emergency Medical System (EMS) through Rapid Emergency Dispatch.

Our portfolio company BluSmart is hopeful of turning profitable by end of CY23, on the back of increasing demand for its services.

Our portfolio company, SuperCluster Pi, a House of Brands startup, has raised $2 million in a seed round led by Exterro Inc, with participation of Inflection Point Ventures (IPV), Hyderabad Angels, Faad Network, and AngelBay.

Our portfolio company Bellplus Media is revolutionising the DOOH advertising space with its innovative approach.

Our portfolio company BluSmart is taking on the might of Ola and Uber with its full-stack business model that focusses on the users and drivers.

The partnership between CARE Hospitals and StanPlus marks an integral step towards strengthening the Emergency Medical Services (EMS) ecosystem in Hyderabad.

BluSmart said that with the help of Truecaller Business Solutions, it had increased its calling efficacy to 82%. Because of a branded caller ID, the user perception changes when he/she interacts with the business, making the communication process a more seamless one.

Our portfolio company, Bell Plus Media, which carved a niche for itself in digital advertising services and now aims for 20,000 screens across 20 cities by end of 2023.

Medical emergency platform StanPlus has appointed Ex-Fortis top executive Shalabh Dang as Chief Revenue Officer. StanPlus has also raised $22.6 million so far and is moving ahead on our journey of becoming a consumer healthcare brand.

The Karnataka State Transport Authority will reportedly soon grant licences to electric mobility firms BluSmart and Bounce to offer electric bike taxis in Bengaluru.

Synersoft Technologies has developed the technology that is MSME-focused innovation.

Our portfolio company BluSmart Mobility Pvt. plans to raise $250 million to expand its presence to six cities by 2024.

ZineOne Partners with HCL Software to Drive Conversions for Anonymous Visitors.

MY3DMeta a 3D Modelling tech company, plans to utilize the fund for building tech, IP, and business development.

HDFC (NS: HDFC): The largest mortgage lender will raise nearly Rs 12,000 crore by issuing bonds on a private placement basis next week.

Our Board member Lax Gopisetty has shed light on machines and people working together and different dimensions of super jobs.

The Indian rupee extended its recent rout, tumbling to a new low of 82.7 against the US dollar on Monday after opening at a record low of 82.67 in the session.

Innovapptive, a Houston-based connected worker platform, has secured a $15 million credit facility from Espresso Capital. The facility’s proceeds will be used to support the company’s growth plans.

Our portfolio company Synersoft Technology has raised concerns on supply and cost of Semi-conductors.

PM Modi’s vision of Startup India resulted in India becoming the third largest startup ecosystem in the world.

Ltd, India’s biggest gas importer, will invest Rs 40,000 crore in the next five years to expand import infrastructure and foray into a new business to boost profitability to Rs 10,000 crore.

T-Hub has signed a MoU with Hyderabad Angels to provide technology-driven startup companies access to capital, mentorship, and guidance.

Our portfolio company StanPlus is thriving in achieving its goal of providing emergency medical ambulance service in less than 15 mins. It has recently successfully partnered with Narayana Hrudayalaya.

Our portfolio company, Hesa announced the launch of a tech application for UBUNTU – aim to create a marketplace for micro to medium-sized women entrepreneurs.

Innovapptive Promotes Key Executives to Vital New roles of Chief Financial and Chief Revenue officers.

Our portfolio company BluSmart, which runs an exclusively electric vehicle is close to raising $250 million from investors.

ZineOne, which is Hyderabad Angels’ (HA) one of the portfolio companies recently got recognized as one of the Top 100 Most Promising Technology Companies by Silicon India (SI) magazine.

Hyderabad Angels, Mumbai Angels and other High Net-worth Individuals (HNIs) invested an undisclosed sum in Vogueme Technologies-led interactive video platform Toch in a Pre-series A Funding round.

Leading investment firms – Hyderabad Angels (HA), Indian Angel Network (IAN) and Anthill Ventures jointly invested an undisclosed amount in vernacular hyperlocal news platform PubliVibe. IAN investors Bikky Khosla