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    Proposed IIM Indore Alumni Angel Fund 2

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    navin_i
    The document provides details of the proposed IIM Indore Alumni Angel Fund 2 (IIMIAAF2), including a fund size of INR 7-15 crore, minimum investor contribution of INR 5 lacs, a duration of 5-7 years, and a target of 10-15 investments in early stage Indian and international startups. It introduces the 5-person investment committee and describes the fund's investment strategy, structure, communication process, and disclaimer.

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    Proposed IIM Indore Alumni Angel Fund 2

    Uploaded by

    navin_i
    33 views8 pages
    The document provides details of the proposed IIM Indore Alumni Angel Fund 2 (IIMIAAF2), including a fund size of INR 7-15 crore, minimum investor contribution of INR 5 lacs, a duration of 5-7 years, and a target of 10-15 investments in early stage Indian and international startups. It introduces the 5-person investment committee and describes the fund's investment strategy, structure, communication process, and disclaimer.

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    IIMIAAF2 IM

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    The document provides details of the proposed IIM Indore Alumni Angel Fund 2 (IIMIAAF2), including a fund size of INR 7-15 crore, minimum investor contribution of INR 5 lacs, a duration of 5-7 years, and a target of 10-15 investments in early stage Indian and international startups. It introduces the 5-person investment committee and describes the fund's investment strategy, structure, communication process, and disclaimer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views8 pages

    Proposed IIM Indore Alumni Angel Fund 2

    Uploaded by

    navin_i
    The document provides details of the proposed IIM Indore Alumni Angel Fund 2 (IIMIAAF2), including a fund size of INR 7-15 crore, minimum investor contribution of INR 5 lacs, a duration of 5-7 years, and a target of 10-15 investments in early stage Indian and international startups. It introduces the 5-person investment committee and describes the fund's investment strategy, structure, communication process, and disclaimer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Proposed IIM

    Indore Alumni
    Angel Fund 2
    Investment Memorandum Prepared by the Investment Committee
    February 2022 - Kris, Mayank, Pankaj, Sahil, Tushar

    alumniaf2@imidr.ac.in
    Broad Terms
    Fund Size INR 7 crore fund with a greenshoe option to retain oversubscription
    up to INR 8 crore (maximum of INR 15 crore).

    Investor Minimum of INR 5 Lacs.


    Contribution

    Investor Profile IIM Indore alumni, students, faculty and staff.

    Duration Tenure of IIM Indore Alumni Angel Fund 2 (IIMIAAF2) is expected to


    be between 5-7 years. Investors (LPs) get return on a deal-by-deal
    basis when partial exits happen at Series B-C stage (in 3-4 years) or
    when complete exits happen either through secondary share sales or
    via acquisition or IPO.

    Subscription The platform will send an email to investors who have shown interest
    Time with call for capital. Expected closure within 1 month.

    2
    Broad Terms
    Deployment 12-18 months
    Period

    Platform LetsVenture

    Platform Fee INR 25,000 for resident Indians and INR 40,000 for NRIs and
    foreigners. Platform access valid for 5 years.

    Transaction costs 1.5% of the committed capital.

    Carried Interest Carried interest (Carry) of 10% will be levied on a deal by deal basis,
    of which 2.5% gets distributed to LetsVenture and 7.5% gets
    distributed to Investment Committee and Venture Partner (if any)
    after the LPs receive their capital.

    Sectors Sector agnostic, technology enabled businesses.

    3
    Broad Terms
    Geography India and International (as allowed by SEBI) startups where one or
    more founders are based in India.

    Stage of Focus on investment opportunities in early stage businesses (Pre


    company Seed/Seed/ Pre-Series A).

    Portfolio Target of 10-15 investments depending on final corpus.


    Companies

    Structure Trust - LV Angel Fund.


    Trustee - Milestone Trusteeship Limited.
    Investment manager - Lets Venture Advisors LLP.

    Communication Formal call once a quarter to update on the progress and take
    with LPs feedback/ suggestions.

    4
    Broad Terms
    Investment ❏ Co-invest in startups along with marquee investors, angel networks
    Strategy and seed funds.
    ❏ Retain the opportunity to invest in follow-on rounds.
    ❏ Startup selection criteria: Founding team, scalability, market size,
    unit economics.

    Investment Kris, Mayank, Pankaj, Sahil, Tushar


    Committee (IC)

    Role of IC Deal sourcing, Deal Evaluation & Diligence, Negotiation &


    Documentation, Portfolio Management, Exit, Manage relationship
    with LetsVenture.

    Term of IC IC to oversee IIMIAAF2 for a duration of 5-7 years.

    5
    Investment Committee

    Kris Radhakrishnan Dr Mayank Gurnani Pankaj Agarwal Sahil Aggarwal Tushar Agrawal
    PGP 2009-11 EPGP 2009-10 PGP 2003-05 PGP 2007-09 PGP 2012-14
    Head - BD, AccelNorth Program Director, Co-Founder, HelloTravel Associate Director, Partner, Dexter Angels
    Partners JUMPstart, NUS Trifecta Capital

    10+ years of cross >20 years of Investor, Serial entrepreneur with 13 yrs of experience in Previously, Principal at
    functional experience Operator and Venture 2 successes. Angel banking & financial Solidarity/Malpani
    with early stage startups. Builder experience with investor in 70+ services & co-founder of ventures for 3.5 yrs.
    Investor in 30+ startups. organisations such as companies, 2 exits & 3 a cross-border 6 years of experience
    Novartis, Cipla and NUS. soonicorns. ecommerce startup. investing in seed stage
    companies.

    https://www.linkedin.com/in https://www.linkedin.com/in https://www.linkedin.com/in https://www.linkedin.com/in


    https://www.linkedin.com/in
    /gurnanimayank/ /pankajagarwal/ /sahil-aggarwal-74825b6 /tusharagrawal1/
    /kris-rad/

    6
    Next Steps

    Click here to submit your interest to be an LP in IIMIAAF2.


    Click here for a detailed FAQ on IIMIAAF2.
    Click here to submit any questions you might have that has not
    been answered by the FAQ.

    7
    Disclaimer

    ● IIMIAAF2 is a private initiative by the alumni of IIM-Indore and the participation is


    restricted to the IIM-Indore alumni, students, faculty and staff alone.
    ● The Institute, its office bearers and Alumni Association will not stand guarantee
    for the success of the startup investments made through IIMIAAF2.
    ● The Institute, its office bearers and the Alumni Association will have no liability
    arising directly or indirectly through this initiative.
    ● Investors should note that angel investments are a risky asset class and they
    should use their own discretion before committing to IIMIAAF2.
    ● Startups where one or more IC member has a direct/indirect interest will be
    marked as a case of conflict of interest before the IC makes a decision to invest in
    the startup.

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