Article · 5 min read

LetsVenture Launches Angel AIF, May Enable Funding Worth $135.93 Mn In Next 2 Years

Inc42 Staff · Inc42 Free Intermediate India

This is the clearest India-specific explainer of the AIF trick that keeps your cap table clean: a SEBI Category 1 Angel AIF puts one entity on your cap table instead of thirty individual angels, so the signature-chasing that made a founder 'spend one to two weeks in follow-ups' for every document just disappears. It spells out the minimums (INR 25 lakh commitment over five years, cheques as small as INR 1 lakh) so you know who can actually participate through the pool.

• A SEBI Angel AIF is a regulated pooled vehicle that sits on your cap table as a single line, so paperwork and future-round signatures go through one entity
• It lets angels commit as little as INR 1 lakh per deal while still being a clean shareholder for you, widening the pool without cluttering the cap table
• The pooled structure beats the older LLP-of-friends approach for regulatory clarity and centralized reporting