Indian Angel Network (IAN) has appointed Sarika Saxena to serve as the Managing Partner of its venture capital fund, IAN Alpha Fund.
With over 25 years of experience in the finance industry, Saxena previously held the position of General Manager for Strategic Investments (Private Equity) at HT Media. Her investment portfolio encompasses a diverse range of companies across consumer, technology, fintech, and edtech sectors, spanning both domestic and international markets.
Before her role at HT Media, Sarika Saxena also had professional experience at VBHC and National Commodities Management Services Ltd, among other organizations.
Commenting on Saxena’s appointment, IAN Co-Founder Raman Roy, said, “We are thrilled to welcome Sarika Saxena as the new Managing Partner of IAN Alpha Fund. Her exceptional insights, extensive industry expertise, and unwavering commitment to early stage investing makes her a perfect addition to the top class team of current Managing Partners… “
According to the statement, Saxena has played a key role in facilitating early-stage investments amounting to $100 million and has managed assets under management (AUM) of approximately $300 million.
“I am truly honoured to be a part of IAN, an esteemed organisation that has consistently led the industry as a pioneer for an impressive 16 years. I am excited to join the prestigious IAN leadership team and I look forward to utilising my domain expertise, extensive global network, and multifaceted experience to drive the IAN Alpha Fund’s success, both in India and on the international stage.” Saxena said.
Established in 2022 with a fund size of INR 1,000 crore, IAN Alpha Fund represents the second fund within the IAN series. Earlier this year, it made an undisclosed investment in B2Badda, a B2B marketplace specializing in industrial goods and services.
IAN is a prominent player in the Indian startup ecosystem with a portfolio of over 200 startups. Among its noteworthy investments are Spinny, Wow! Momo, and Zypp Mobility. It stands as one of the most active angel networks in the country, fostering growth and innovation in the startup space.