Angel funds, though structured as alternative investment funds (AIFs), are different as they only invest in startups and cater only to accredited investors currently. Accredited investors are considered to have a better understanding of risks in investment and are required to meet the net-worth criteria, which is verified by a third-party accreditation agency before being allowed to invest in angel funds.
This story is from the November 14, 2024 edition of Business Standard.
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This story is from the November 14, 2024 edition of Business Standard.
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