FAAD Network opens 3rd office in Hyd

Hyderabad FAAD, early-stage angel networks, announced the launch of its third office in Hyderabad. Building on the successes of its Mumbai and Kolkata chapters, this expansion marks a significant advancement for the network. Over 50 investors attended the event held here on Tuesday. The event showcased pitches from emerging tech startups such as Frogo, Ferticare, and Navars Edutech.

The event witnessed the presence of FAAD founders Karan Verma and Dr Dinesh Singh. Attendees also had the chance to network with key figures such as Ashutosh Uprety, FAAD’s Hyderabad Regional Partner, Kavi Sahani, FAAD’s Mumbai Regional Partner, Vamsi Udayagiri, Founder, Hesa and Riddhi Vyas, Angel Investor.

On the occasion, Dr Dinesh Singh, Co-Founder & Director of FAAD Network, said: “With its thriving local talent pool, Hyderabad ranks among India’s top five startup ecosystems, and the city’s entrepreneurial spirit perfectly our emphasis on commitment to fostering innovative opportunities for startups and investors.”

Ashutosh Uprety, Regional Partner of FAAD Network’s Hyderabad Chapter, said, “Nestled within Hyderabad’s vibrant tech ecosystem, we palpably anticipate bolstering local startups and contributing to the city’s escalating reputation as an innovation nucleus. With the inauguration of our Hyderabad Chapter, we stand poised to provide mentorship and growth opportunities for early-stage companies.”

FAAD Network’s commitment to supporting early-stage technology companies in India has the potential to create a more sustainable and resilient future for the country, while also contributing to economic growth and job creation. Recently, FAAD has received the approval of Securities and Exchange Board of India (SEBI) for a category 1 Rs 300-crore Alternative Investment Fund (AIF).