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AngelList launches another angel fund in India

Six months after launching India dedicated fund, Silicon Valley-based AngelList is going to launch an angel fund product for individuals and institutions to raise capital upfront and invest in startups. The fund will be fully managed by technology and will allow people to raise small blind pools in a range of Rs 2-8 crore and deploy the capital over the next 6 to 12 months. It will offer funds without regulatory hassles.