India, Dec. 10 -- Early-stage investment platform IAN Group (formerly India Angel Network) has marked the final close of its second VC fund, IAN Alpha Fund, at $100 Mn (INR 900 Cr), over three years after announcing the same.

The limited partners (LPs) that invested in the fund include government entities like Sidbi managed Fund of Funds for Startups, Self Reliant India Fund, ACE Fund, Odisha Startup Growth Fund, Nabventures' Agri Sure Fund of Funds Scheme along with institutional investors including Dubai's Buimerc Corporation, HDFC Life, DS Group Family Office, National Bank for Agriculture and Rural Development, among others.

With the fund, the investment firm will continue to back early-stage tech companies as well as expand its por...