Article · 15 min read

Angel Fund Registration in India: The Revised SEBI Framework

Treelife Free Intermediate India

A plain explainer of SEBI's revised angel fund rules from September 2025: who counts as an accredited investor, how many a fund needs, and how much it can put into one startup.

  • Angel funds raise only from accredited investors (for an individual, net worth of at least ₹7.5 crore, or ₹1 crore income with ₹5 crore net worth), certified by NSE, BSE or CDSL Ventures.
  • A fund needs at least five accredited investors before its first close.
  • An angel fund can put ₹10 lakh to ₹25 crore (including follow-ons) into one investee company, with a one-year lock-in.
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It answers 2 questions

  1. How do I run an angel round and pull together a syndicate of small cheques?
  2. Can I still raise from a SEBI angel fund now that angel funds take money only from accredited investors?

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