FAAD Capital, an India-based angel fund, announced the launch of its investor network in Dubai, marking the fund’s first international expansion.
The expansion is aimed at supporting global collaboration, besides engaging with Non-Resident Indians (NRIs) and local investors to drive investments into Indian startups.
The fund also organised the inaugural Dubai edition of the FAAD Network Investor Meet, coinciding with its launch.
The Dubai launch is part of FAAD Capital’s broader strategy to establish regional hubs both domestically and internationally, the fund said in a media release.
While the focus initially lies on conducting quarterly networking and investor meetups, plans are underway to establish a physical office in Dubai to deepen the fund’s presence in the GCC region, it added.
“Dubai is a natural choice for our first international presence,” said Karan Verma, Director, FAAD Network.
“The city’s strategic location and its thriving ecosystem of investors make it an ideal hub for supporting cross-border investments. This launch is the first step in our journey to build a robust international network that connects Indian startups with global investors,” he said.
The fund said Dubai’s position as a global investment hub aligns perfectly with its vision to connect Indian startups with investors across the world through this expansion.
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