The proposed IIM Indore Alumni Fund 1 is an initiative by several prominent alumni of IIM Indore. The objective is to make it easy for the IIM Indore community to invest in high quality early stage startups and offer an alternative financial asset class which has been one of the fastest growing in the recent years.
The fund is sector agnostic and will invest in businesses that have technology as a key enabler. It will invest between INR 25-50 lakhs at the pre-seed, seed, series A stages, or in follow on rounds into the winners.
The alumni have already selected a capable Investment Committee (IC) which will manage the fund and take all investment related decisions. The IC members will also be Limited Partners (LPs) in the fund and invest their personal capital into the corpus.
Please note that this is an alumni driven initiative and IIM Indore is not liable towards any risk arising therein. Additionally, the IC is not taking any monetary benefit or compensation for their efforts, except for the potential return that they make on their own investments into the fund as LPs
High quality early stage deals are sourced from the wide network of the Investment Committee in the startup ecosystem and also via the LPs.
The fund can be the first port of call for any fund-raise activity by any startups founded by IIM Indore alumni or where they are working in leadership positions. These will be put through a fast track evaluation process.
The fund will only co-invest with other reputed institutional and angel investors.