IAN Fund appoints former Cisco director Bose as managing partner
NEW DELHI: Delhi-based angel investors group, Indian Angel Network, on Friday named former Cisco director Pratik Bose as managing partner for its recently announced IAN Fund
With a corpus of ₹350 crore IAN Fund will invest in early stage companies engaged in soft ware as a service (Saas), finan cial technology, big data, artifi cial intelligence and hardware sector. The fund announced its first close of ₹175 crore earlier in April.
Bose will lead the investments for IAN Fund that also will co-in vest with other angles from the network.
A management graduate from New York University’s Stern School of Business, Bose over saw investments in Asia Pacific region for Cisco between 2007 and 2017.
He has previously worked with Eka Systems, a US-based maker of electricity manage ment devices, remote access applications firm Altiga Net works (acquired by Cisco) and Comsat Labs (acquired by Lock heed Martin) in the US.
“I am excited to be part of the IAN Fund and grow the best in class seed/early stage investor This fund is exactly what the eco system needs as this will bring a paradigm shift for start-ups,” Bose said in a statement.
Indian Angel Network co-founder Saurabh Srivastava Quatrro Global Services chair man Raman Roy and Ajai Chow dhry, a founding member of HCL group, will be part of the invest ment committee, while Infosys vice-chairman Kris Gopala krishnan, Narayana Health founder Devi Shetty and Hero MotoCorp’s Sunil Munjal wil serve as advisors.
Established in 2006 by Srivas tava and Padmaja Ruparel Indian Angel Network is among the largest angel networks in Asia, with 479 independent entrepreneurs and investors and seven institutions as its members, according to its web site.
The network has facilitated over 50 investment deals in start ups so far, including FabAlley Box8 and Riddlr.
ESTABLISHED IN 2006 BY SAURABH SRIVASTAVA AND PADMAJA RUPAREL, INDIAN ANGEL NETWORK IS AMONG THE LARGEST IN ASIA, WITH 479 INDEPENDENT ENTREPRENEURS AND INVESTORS