FAAD Capital, a Gurgaon-based angel fund, has launched an investor network in Dubai aimed at promoting global support and investment in Indian startups through engagement with non-resident Indians and local investors.
The Dubai launch is in line with the strategy of establishing regional hubs locally and globally. Initially focusing on quarterly networking and investor meetings, the fund plans to open a physical Dubai office to strengthen its Gulf Cooperation Council (GCC) presence, with Singapore as another target for expansion.
“Dubai is an important milestone for us as we aim to expand our network internationally. Dubai’s vibrant investment ecosystem and its position as a global financial center offers immense opportunities for Indian startups to connect with international investors,” said Nitin Aggarwal, Managing Partner, Gopinath Group of Companies. said
“The city’s position as a global investment hub is fully aligned with FAAD’s vision to connect Indian startups with investors from around the world through this expansion, we aim to leverage cross-border investment opportunities that unlock innovation, value creation and growth for our portfolio companies. ” he added.
The inaugural investor meet, led by partner Nitin Agarwal, attracted over 100 investors, promoting this strategic expansion with its extensive GCC network spanning Dubai, Abu Dhabi, Oman, Qatar and Riyadh.
FAAD Capital, a SEBI-registered Category 1 angel fund manages a $40 million fund and has been strategically investing in the startup ecosystem since 2019. The fund supports innovation in a variety of sectors and geographies, awarding checks ranging from $100,000 to $1 million. – Seed to Series A stages.
With a portfolio of over 120 startups and over ten successful exits, FAAD Capital is dedicated to fostering innovation and delivering exceptional returns to its investors.
“Dubai is a natural choice for our first international presence. The city’s strategic location and thriving ecosystem of investors make it an ideal hub to support cross-border investment. This launch is the first step in our journey to build a strong international network that connects Indian startups with global investors, ” said Karan Verma, Director, FAAD Network.