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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 a SEBI-registered AIF, HAF operates with a corpus of INR 150 Cr (approximately $18M), which includes INR 100 Cr available for investments and a INR 50 Cr greenshoe option. The fund targets a portfolio of 15-20 startups, focusing on early-stage companies that have demonstrated product-market fit and are ready for capital-efficient scaling. HAF is currently in advanced discussions for its first institutional check, with 62% of commitments secured as of late 2025.
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 fund primarily invests in sectors where it has a competitive advantage, including Emerging Technologies such as Generative AI, SpaceTech, and Drones, as well as Consumer Tech, which encompasses scalable D2C brands and Fintech. Additionally, HAF focuses on Enterprise SaaS, particularly high-margin workflow automation solutions. The average exit timeline for investments is projected at 5-7 years, aligning with the fund's strategy to support scalable growth.
HAF's portfolio includes notable companies in high-impact sectors:
These companies exemplify HAF's commitment to investing in startups that are positioned for growth and leadership in their respective markets.
Sri Myneni — Co-Founder/General Partner. Myneni has extensive experience in venture capital and entrepreneurship, having co-founded HAF to support high-potential startups.
Kishore Ganji — Co-Founder/General Partner. Ganji brings a wealth of knowledge in early-stage investing and has played a pivotal role in shaping HAF's investment strategy.
Kalyan Sivalenka — Managing Director. Sivalenka oversees the fund's operations and investment decisions, leveraging his background in finance and entrepreneurship.
Rathnakar Samavedam — Investment Director. Samavedam focuses on sourcing and evaluating investment opportunities, drawing on his expertise in technology and market analysis.
Abhishek Nori — Principal. Nori is involved in deal sourcing and portfolio management, contributing his analytical skills to support startups.
Mahima Rao — Senior Associate. Rao assists in investment analysis and due diligence, helping to identify promising startups for HAF's portfolio.
Medha Mallela — Senior Analyst. Mallela conducts market research and analysis to support investment decisions and portfolio management.
To pitch to HAF, founders should visit haf.vc/pitch-to-us. The fund prefers detailed decks that outline the business model, market opportunity, competitive landscape, and team qualifications. HAF values clarity and conciseness in presentations.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In February 2024, HAF announced the launch of its maiden fund with a corpus of INR 150 Cr, aiming to invest in early-stage startups across various sectors.
As of November 2025, HAF secured 62% of its commitments and is in advanced discussions for its first institutional check, with three startups identified for investment.
What are HAF's investment criteria?
HAF focuses on early-stage startups that have achieved product-market fit and are ready for capital-efficient scaling. The fund looks for companies that have de-risked execution and are poised for top-5 category leadership.
How can I pitch to HAF?
Interested parties can submit their pitches through the HAF website at haf.vc/pitch-to-us. The fund encourages startups to provide detailed information about their business model, market potential, and team.
What makes HAF different from other VC firms?
HAF combines capital with mentorship from Hyderabad's serial entrepreneurs and investors. The fund's LPs are successful entrepreneurs who provide valuable insights and collective wisdom to founders.
What is the geographic focus of HAF?
HAF primarily invests in startups located in Asia, with a strong emphasis on India. The fund seeks to support local entrepreneurs and leverage regional market opportunities.
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 post-investment involvement?
HAF provides ongoing support to its portfolio companies through mentorship, strategic guidance, and access to its network of successful entrepreneurs and investors.
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