India-based angel investor Real Time Angel Fund (RTAF) has raised Rs 125 crore ($16.2 million) in its second close, the firm’s partner & CEO Pranay Mathur announced in a LinkedIn post on Tuesday.
The overall target size of the SEBI-registered, Cat-1 AIF fund has also been upsized to Rs 510 crore from its initial target of Rs 100 crore, Mathur added.
The fund, which was launched seven months ago to invest in pre-seed to pre-series startups, has backed ten startups so far: MyMandi, Transport Simple, Punt Partners, Freshokartz, Mentor Kart, Mera Tractor, O2Nails India, We360.ai, Capital Setu and LarkAI Healthcare.
The fund’s first investment was MyMandi, a B2B2C marketplace that aims to aggregate the cart-pusher community by providing an online platform. RTAF also launched an angel investment app platform Backrr for its investors and partners in January.
The fund is sector agnostic with a focus on healthtech, fintech, green energy, artificial intelligence, and consumer technology. The company has invested in three agri techs until now and in startups involved in marketing, human resources, logistics, education, health and finance, according to its website
“From cutting-edge technology to innovative new business models, each of these companies brings something unique and valuable to the table. And with our support, I’m confident that they’ll be able to achieve great success in their respective industries.” said Pranay Mathur, CEO, RTAF.
RTAF also runs a 10-week curated accelerator programme for seed to pre-series startups.