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Hyderabad Angel Fund (HAF) is a Category I Venture Capital Fund based in Hyderabad, India. Established to support high-potential startups at critical inflection points, HAF builds on the legacy of Hyderabad Angels, which has over a decade of experience in early-stage investing. The fund aims to combine capital, networks, and strategic guidance to drive scalable growth for startups.
As of late 2025, HAF has secured 62% of its commitments for its maiden fund, which has a corpus of INR 150 Cr (approximately $18M). The fund is targeting investments in 15-20 startups, focusing on early-stage companies that have demonstrated product-market fit. HAF is backed by a community of over 100 angel investors through Hyderabad Angels, which has made 75 startup investments and achieved 15 exits over the past 14 years.
HAF operates from its headquarters in Hyderabad and is recognized for its strong mentorship model, leveraging the experience of successful entrepreneurs and investors within its network. The fund is positioned to play a significant role in the Indian startup ecosystem, particularly in technology-driven sectors.
HAF invests in startups that have achieved product-market fit and are ready for capital-efficient scaling. The fund targets the 'Sweet Spot' of the startup lifecycle, focusing on companies that have de-risked execution and are poised for top-5 category leadership. Investment stages range from Pre-seed to Series B, with check sizes between $250K and $1M.
The sectors of interest for HAF include Emerging Technologies such as Generative AI, SpaceTech, and Drones, as well as Consumer Tech, which encompasses scalable D2C brands and Fintech solutions. Additionally, the fund focuses on Enterprise SaaS, particularly high-margin workflow automation solutions. HAF's investment thesis emphasizes early-stage startups with a technology or AI emphasis, aiming for scalable growth and significant market impact.
HAF's average exit timeline is projected at 5-7 years, reflecting its commitment to nurturing startups through their growth phases. The fund seeks to partner with founders who demonstrate strong execution capabilities and a clear vision for market leadership.
HAF's portfolio includes notable companies in high-impact sectors:
These companies exemplify HAF's focus on technology-driven startups that are positioned for substantial growth and market leadership. HAF continues to seek additional investments in sectors where it has a competitive advantage, ensuring a diverse and impactful portfolio.
Sri Myneni — Co-Founder/General Partner. Myneni has extensive experience in venture capital and entrepreneurship, having co-founded HAF to support high-potential startups. He has a strong background in technology investments.
Kishore Ganji — Co-Founder/General Partner. Ganji brings a wealth of knowledge in early-stage investing and has been instrumental in building HAF's investment strategy and portfolio.
Kalyan Sivalenka — Managing Director. Sivalenka oversees the fund's operations and investment activities, leveraging his experience in venture capital to drive growth for portfolio companies.
Rathnakar Samavedam — Investment Director. Samavedam focuses on sourcing and evaluating investment opportunities, utilizing his expertise in technology and market trends.
Abhishek Nori — Principal. Nori plays a key role in deal sourcing and portfolio management, contributing to HAF's strategic direction.
Mahima Rao — Senior Associate. Rao supports the investment team in due diligence and portfolio analysis, bringing a strong analytical background to the firm.
Medha Mallela — Senior Analyst. Mallela assists in research and analysis of potential investments, helping to identify promising startups for HAF's portfolio.
Startups interested in pitching to HAF should submit their proposals through the designated pitch page at haf.vc/pitch-to-us. The pitch deck should include key information such as the business model, market analysis, competitive landscape, and team background.
HAF prefers concise and well-structured decks that clearly outline the startup's vision and growth strategy. Response times may vary, but founders can expect feedback within a few weeks of submission.
In February 2024, HAF announced the launch of its maiden fund with a corpus of INR 150 Cr (approximately $18M), aiming to support early-stage startups in India.
As of November 2025, HAF reported that it has secured 62% of its commitments and is in advanced discussions for its first institutional check, with three startups identified for investment.
HAF has been featured in major Indian startup media outlets, including Inc42 and Business Standard, highlighting its focus on technology-driven investments and the support it provides to portfolio companies.
What are HAF's investment criteria?
HAF invests in early-stage startups that have achieved product-market fit and are ready for capital-efficient scaling. The fund focuses on sectors such as AI, fintech, consumer tech, and space tech.
How can startups apply or pitch to HAF?
Startups can pitch to HAF by visiting their pitch page at haf.vc/pitch-to-us. The application process typically involves submitting a detailed pitch deck outlining the business model, market opportunity, and team.
What makes HAF different from other venture capital firms?
HAF combines capital with mentorship from experienced entrepreneurs and investors in the Hyderabad Angels community. This unique support model provides startups with valuable insights and guidance as they scale.
What is the geographic scope of HAF's investments?
HAF primarily invests in startups located in Asia, with a strong focus on India. The fund aims to support local entrepreneurs and foster growth within the Indian startup ecosystem.
What is the typical check size for investments?
HAF typically invests between $250K and $1M in each startup, depending on the stage and potential of the company.
What is HAF's involvement post-investment?
HAF provides ongoing support to portfolio companies through mentorship, access to networks, and potential follow-on investments. The fund's LPs contribute collective wisdom to help founders navigate challenges and opportunities.
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