IAN Fund

Indian Angel Network (IAN) is a prominent venture capital investment firm founded in 2019 and based in New Delhi, India. It brings together a diverse group of successful entrepreneurs and CEOs who are interested in investing in seed-stage and early-stage companies with significant growth potential. IAN focuses on a variety of sectors, including healthcare, artificial intelligence, software as a service, fintech, and big data, among others. The firm not only provides financial support but also offers valuable mentoring, strategic guidance, and access to extensive networks, enabling startups to navigate challenges effectively. By leveraging India's technological strengths and expanding consumer markets, IAN aims to foster innovation and drive long-term growth in the entrepreneurial ecosystem.

Sudipta Gautam

Managing Partner

Sharad Junghare

Angel Investor

Rajnish Kapur

Managing Partner

Padmaja Ruparel

Co-Founder

Saurabh Srivastava

Co-Founder

Sarika Saxena

Managing Partner

Past deals in HoReCa

goStops

Series A in 2025
goStops is a brand of youth hostels in India that focuses on providing affordable and engaging accommodation options for young travelers. The hostels are designed to foster a social and experiential environment, featuring quality beds, air-conditioned dormitories, and private rooms. In addition to comfortable lodging, goStops offers various amenities to enhance the stay experience, such as mini theaters, foosball tables, and pool tables. By leasing, managing, and franchising real estate assets, goStops aims to make quality travel and living spaces accessible to the youth, encouraging community living and interaction among guests.

Scandalous Foods

Pre Seed Round in 2024
Scandalous Foods operates a cloud kitchen network that caters to the restaurant industry by providing food preparation services. The company specializes in a diverse range of popular Indian sweets, which are offered in single-serve sizes and have a shelf life of six months without the use of preservatives. This allows consumers to enjoy these sweets at their convenience, meeting the growing demand for quality and accessible food options.

Cheelizza

Seed Round in 2022
Cheelizza is a vegetarian pizzeria located in Mumbai, India, focused on providing authentic and innovative pizza options. The restaurant specializes in creating vegetarian dishes that incorporate an Indian twist, offering a diverse menu that includes unique items such as Chocolate Truffle, Red Velvet, Strawberry Cheesecake, Tiramisu, and New York Style Cheesecake. By emphasizing quality and affordability, Cheelizza aims to cater to the growing demand for vegetarian cuisine, making it an appealing choice for vegetarians looking to enjoy a variety of flavors. With a dedicated team and a clear understanding of the market, Cheelizza is positioned to make a significant impact in the Indian quick-service restaurant sector.

Bigspoon

Series A in 2022
Bigspoon Foods Private Limited is a cloud kitchen based in Ahmedabad, India, that specializes in a diverse range of culinary offerings. Founded in 2019 by Kapil Mathrani, Rohan Bhatt, and Poojan Thakkar, the company focuses on North Indian cuisine, American quick-service restaurant (QSR) options, and healthy meal choices. Bigspoon provides an omni-channel approach to food ordering and delivery, emphasizing quality, health, and hygiene in its operations. The menu includes popular dishes such as chicken tikka, paneer rolls, butter paneer, dal Bukhara, paneer tikka, ras omelette, and various biryanis, catering to a wide array of customer preferences. The company facilitates online orders and home delivery services, making its offerings accessible to a broad audience.

goStops

Convertible Note in 2021
goStops is a brand of youth hostels in India that focuses on providing affordable and engaging accommodation options for young travelers. The hostels are designed to foster a social and experiential environment, featuring quality beds, air-conditioned dormitories, and private rooms. In addition to comfortable lodging, goStops offers various amenities to enhance the stay experience, such as mini theaters, foosball tables, and pool tables. By leasing, managing, and franchising real estate assets, goStops aims to make quality travel and living spaces accessible to the youth, encouraging community living and interaction among guests.

Wow! Momo

Series C in 2021
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

goStops

Seed Round in 2021
goStops is a brand of youth hostels in India that focuses on providing affordable and engaging accommodation options for young travelers. The hostels are designed to foster a social and experiential environment, featuring quality beds, air-conditioned dormitories, and private rooms. In addition to comfortable lodging, goStops offers various amenities to enhance the stay experience, such as mini theaters, foosball tables, and pool tables. By leasing, managing, and franchising real estate assets, goStops aims to make quality travel and living spaces accessible to the youth, encouraging community living and interaction among guests.

Samosa Singh

Series A in 2020
Samosa Singh is a snack outlet based in Bengaluru, India, founded in 2016. The business specializes in offering a variety of samosas and other Indian snack foods, catering to diverse regional preferences. By addressing gaps in the Indian samosa market, Samosa Singh provides a hygienic and fresh dining experience that appeals to a wide customer base. The menu includes not only fried samosas but also other popular street foods, allowing customers to enjoy authentic Indian flavors in one location.

EatClub Brands

Series C in 2019
Box8 is a rapidly growing on-demand food delivery company in India, founded by IIT graduates Anshul Gupta and Amit Raj. The company manages every aspect of its supply chain, from procurement to product development, and has dedicated teams for food delivery and customer support. Box8 offers a diverse menu featuring chef-crafted options with a distinct Indian flair, including fusion boxes, all-in-one meals, wraps, sandwiches, curries, biryanis, and desserts. Their innovative All-in-One meal box provides a convenient, fulfilling dining experience suitable for any occasion. By combining technology with a strong emphasis on logistics, Box8 ensures a seamless ordering process through mobile apps, supported by an integrated delivery management system that consistently delivers hot meals.

Wow! Momo

Series B in 2017
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

Find My Stay

Seed Round in 2016
Find My Stay is an online hotel booking portal that offers a variety of accommodation options throughout India. The platform specializes in providing users with seamless booking experiences and competitive deals on a wide range of lodging, including hotels, service apartments, bed and breakfast establishments, and guest houses. By focusing on customer value, Find My Stay aims to transform the way travelers book their stays, ensuring convenience and affordability in the process.

Roadhouse Hostels Pvt

Angel Round in 2016
Roadhouse Hostels Private Limited operates a chain of backpacker hostels, primarily based in Bardez, India. Established in 2015, the hostels offer a range of accommodations, including air-conditioned dormitories with bunk beds and private rooms. Guests can enjoy recreational facilities, individual reading lights, occasional barbecue parties, and a variety of on-order meals. The hostels also provide cooking facilities, books, games, and travel services, along with assistance in arranging local transportation. The emphasis is on creating an inviting atmosphere where travelers can connect with one another, reflecting the founders' passion for travel and community. Roadhouse Hostels aims to deliver affordable and secure accommodations, ensuring a pleasant experience for backpackers exploring both India and international destinations.

Xperium

Seed Round in 2015
Xperium by Repup is an online reputation management platform designed for hoteliers to effectively analyze and manage online review data. It addresses the challenge of navigating the vast amount of reviews generated across various platforms and languages by consolidating this information into a single, user-friendly dashboard. Utilizing semantic technology, Xperium generates insightful reports from extensive review data, allowing hotel operators to make informed business decisions quickly. The platform supports the entire guest experience, spanning the pre-stay, during-stay, and post-stay phases, ultimately helping hotels enhance their online reputation and increase bookings by optimizing service delivery and pricing strategies.

Wow! Momo

Seed Round in 2015
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

EatClub Brands

Series A in 2015
Box8 is a rapidly growing on-demand food delivery company in India, founded by IIT graduates Anshul Gupta and Amit Raj. The company manages every aspect of its supply chain, from procurement to product development, and has dedicated teams for food delivery and customer support. Box8 offers a diverse menu featuring chef-crafted options with a distinct Indian flair, including fusion boxes, all-in-one meals, wraps, sandwiches, curries, biryanis, and desserts. Their innovative All-in-One meal box provides a convenient, fulfilling dining experience suitable for any occasion. By combining technology with a strong emphasis on logistics, Box8 ensures a seamless ordering process through mobile apps, supported by an integrated delivery management system that consistently delivers hot meals.
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