# IIM Indore Alumni Angel Fund

> IIM Indore Alumni Angel Fund is a VC fund in Indore backing Artificial Intelligence and Audio. See 17 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Indore, India
- Total investments: 17
- Last investment: Aug 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/iimiaf/
- Website: https://www.iimiaaf.com/

IIM Indore Alumni Angel Fund is an Investment Management.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $954k–$5.8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 2 | 12% |
| Audio | 1 | 6% |
| Video | 1 | 6% |
| Retail | 1 | 6% |
| Banking | 1 | 6% |

24 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 35% |
| Angel | 1 | 6% |
| Series B | 1 | 6% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Llumo AI | Llumo AI is a generative AI company that offers AI optimisation for comprehensive evaluation of LLMs. | $953.6K | Seed | Aug 21, 2024 |  |
| Felicity Games | Felicity Games place our users at the core of our gaming experience, believing that maximizing user satisfaction will in turn maximize lifetime value in the long term. | $700K | Pre-Seed | Jul 09, 2024 |  |
| INCLUD | INCLUD is a mass premium children's clothing company. | $1.5M | Seed | Apr 18, 2024 |  |
| Molequle | Molequle is a global B2B platform that supplies speciality chemicals manufactured in India. |  | Seed | Jan 01, 2024 |  |
| Schnitt AI | Schnitt AI is a developer of an AI platform designed to derive outcomes from voice, image, and videos. It is designed for high-volume content with tight deadlines and content pressure, streamlining the entire editing process. |  | Angel | Jan 01, 2024 |  |
| Qoruz | Qoruz is a creator collaboration platform, an open destination for all creator relationships. Qoruz makes it easy for brands to collaborate with the right creators and build meaningful partnerships, leveraging the power of creator marketing to drive brand growth. |  | Seed | Aug 07, 2023 |  |
| Basic Home Loan | Founded in 2020, Basic Home Loan is a fintech company, developing an automated platform for home lending in India. Using a Phygital approach, the company provides paperless online home loan sanctions, and ensures end to end fulfilment through an asset-lite agent network for faster loan disbursements. The company's vision is to change the wayIndia finances its housing dreams. | $4.7M | Series B | Jun 14, 2023 |  |
| GoodHome | GoodHome is a B2B supply chain platform for furniture and furnishings |  | Seed | Jan 01, 2023 |  |
| Flash.co | Flash is a payments management app. | $5.8M | Seed | Nov 30, 2022 |  |
| FunctionUp | FunctionUp is Y-Combinator backed EdTech company based out of Bangalore, India. The founders are IIT and ISB alums with combined experience of more than two decades.A Y-Combinator back upskilling company solving global talent problems by upskilling graduates and professionals in skills that are needed by industry. With 800+ hiring partners andchanging careers of 1000+ learners, FunctionUp is leading in outcome metrics for all learners. |  | Seed | Jul 06, 2022 |  |

10 of 17 investments shown.

## Co-investors
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund, 3 deals together
- [Soma Capital](https://shizune.co/investors/profile/soma-capital) — VC Fund, 3 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 3 deals together
- [100Unicorns](https://shizune.co/investors/profile/9unicorns) — VC Fund, 2 deals together
- [Atrium Angels](https://shizune.co/investors/profile/atrium-angels) — VC Fund, 2 deals together
- [Axilor Ventures](https://shizune.co/investors/profile/axilor-ventures) — VC Fund, 2 deals together

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## FAQ

### What does IIM Indore Alumni Angel Fund invest in?

IIM Indore Alumni Angel Fund invests primarily in Artificial Intelligence, Audio and Video startups, most often at Seed and Angel stage. Most of the 17 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is IIM Indore Alumni Angel Fund's check size?

IIM Indore Alumni Angel Fund typically joins rounds of $954k–$5.8M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds IIM Indore Alumni Angel Fund participates in.

### When did IIM Indore Alumni Angel Fund last invest?

The most recent investment recorded for IIM Indore Alumni Angel Fund closed in Aug 2024. Shizune tracks 17 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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